CalEthos hires Joel Stone as President and COO with $250K salary, 2.5M stock options

CalEthos, Inc.

Joel Stone appointed President and COO; employment agreement dated June 19, 2023, effective from March 28, 2023.
Base salary of $250,000 per annum, with potential increases to $300,000 and $350,000 upon permitting and leasing milestones.
Initial option grant of 2,500,000 shares at $0.50 per share, vesting over 3 years and project milestones.
Severance upon termination without cause or for good reason: prorated during first year, six months' salary after one year.

item 5.02 item 9.01

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Appointed

Joel Stone

President and Chief Operating Officer

GEDC · CalEthos, Inc.

Filed: June 27, 2023, 7:59 PM ET

On June 19, 2023, CalEthos, Inc. (the “Company”) entered into an Employment Agreement dated as of June 19, 2023 (the “Employment Agreement”) with Joel Stone, the Company’s President and Chief Operating Officer.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joel Stone was appointed as President and Chief Operating Officer at CalEthos, Inc..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On June 19, 2023, CalEthos, Inc. (the “Company”) entered into an Employment Agreement dated as of June 19, 2023 (the “Employment Agreement”) with Joel Stone, the Company’s President and Chief Operating Officer.

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CalEthos, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-022635

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