secwatch.observer — SEC 8-K summary
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Issuer:     Awaysis Capital, Inc. (AWCA)
CIK:        0001021917
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001493152-23-005488
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 3.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Awaysis Capital finalizes employment deals for CEO and President with $750K salary, $500K restricted stock each
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- CEO Michael Singh and President Andrew Trumbach each receive $750,000 annual base salary retroactive to Dec 1, 2021.
- Each granted restricted stock worth $500,000 (50M shares at par) vesting 50% on grant and 50% on Dec 1, 2023.
- Each granted options for 11,250,000 shares at fair market value on grant date, fully vested upon grant.
- Annual bonus opportunity of 100%-400% of base salary based on performance objectives.
- Severance: 12 months' salary if terminated without cause, subject to release and non-compete clauses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021917/000149315223005488/0001493152-23-005488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021917/000149315223005488/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005488

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