---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-022635"
form_type: "8-K"
ticker: "GEDC"
cik: "0001174891"
company_name: "CalEthos, Inc."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:02:11.641511+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-022635
- form_type: 8-K
- ticker: GEDC
- cik: 0001174891
- company_name: CalEthos, Inc.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174891/000149315223022635/0001493152-23-022635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174891/000149315223022635/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-022635
- JSON: https://secwatch.observer/filing/0001493152-23-022635.json
- Plain text: https://secwatch.observer/filing/0001493152-23-022635.txt

## Key facts
- Executive change
  Joel Stone was appointed as President and Chief Operating Officer at CalEthos, Inc..
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174891/000149315223022635/0001493152-23-022635-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.