secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001493152-22-024115
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AYRO appoints David E. Hollingsworth as permanent CFO, effective August 23, 2022
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- Hollingsworth served as interim CFO since January 2022; now appointed permanently.
- Annual base salary of $230,000; eligible for bonuses up to 40% of salary.
- Granted 100,000 restricted shares vesting upon stock price, market cap, and business milestones.
- Employment agreement has initial two-year term with possible renewals; severance provisions included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315222024115/0001493152-22-024115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315222024115/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-024115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer