secwatch.observer — SEC 8-K summary
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Issuer:     BIOXYTRAN, INC (BIXT)
CIK:        0001445815
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-031579
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bioxytran modifies officer severance terms after $1.27M salary forfeiture
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- Officers forfeited $1,273,000 in accrued salaries and benefits on Aug 1, 2022.
- New severance: 3x annual salary plus target bonus (2x if within 12 months of change of control).
- Continued health coverage for 12 months and outplacement up to $50,000 provided.
- Amendment replaces prior $100,000 lump-sum severance provision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445815/000149315222031579/0001493152-22-031579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445815/000149315222031579/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031579

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