secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001493152-23-032418
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX Platforms appoints Leonard J. Sokolow as Co-CEO
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- Leonard J. Sokolow appointed Co-CEO effective September 12, 2023; continues as board member.
- Base salary of $160,000/year, minimum semi-annual cash/stock bonus of $40,000; performance bonus eligible.
- Granted 450,000 RSUs and 450,000 stock options vesting over 3.5 years; 120,000 vested immediately.
- Employment agreement three-year term with automatic annual renewal; severance includes 6 months salary and accelerated vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223032418/0001493152-23-032418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315223032418/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032418

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