secwatch.observer — SEC 8-K summary
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Issuer:     Blink Charging Co. (BLNK)
CIK:        0001429764
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001493152-23-015633
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blink Charging appoints Brendan Jones as CEO; founder Michael Farkas resigns as CEO but remains on board
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- Brendan Jones promoted from President to CEO effective May 1, 2023; he joined Blink in April 2020 as COO.
- New employment agreement: $775,000 base salary, $150,000 signing bonus (50% cash at start, 50% at one year), target cash bonus and equity each at 60% of base.
- Under Jones' tenure as COO/President, Blink grew from 42 to over 625 employees and expanded to 27 countries.
- Severance: 1.5x base + target bonus on termination without cause; 3x multiplier on change in control with immediate equity vesting.
- Founder Michael D. Farkas resigned as CEO but remains as a member of the Board of Directors; non-solicit/non-compete for 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429764/000149315223015633/0001493152-23-015633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429764/000149315223015633/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015633

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