secwatch.observer — SEC 8-K summary
======================================

Issuer:     CalEthos, Inc. (GEDC)
CIK:        0001174891
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001493152-23-022635
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174891/000149315223022635/0001493152-23-022635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174891/000149315223022635/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-022635

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