secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001493152-23-029336
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media appoints Jeff Hirsch as director; amends warrants on 15.3M shares to $0.40, extends term
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- Appointed Jeff Hirsch, former PubMatic CCO, as independent director effective Aug 15, 2023.
- Board amended director compensation: quarterly cash $10,000 director, $5,000 committee chair; 100,000 shares/yr pro-rata.
- Board approved amending warrants held by Spartan Capital affiliates for ~15.3M shares; exercise price reduced from $0.65-$0.75 to $0.40.
- Warrant term extended to June 30, 2025 or December 31, 2025; company to file Form S-1 for resale registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000149315223029336/0001493152-23-029336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000149315223029336/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029336

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