secwatch.observer — SEC 8-K summary
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Issuer:     Genvor Inc (GNVR)
CIK:        0001792941
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001493152-23-036706
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genvor formalizes Interim CEO Judith Miller's compensation with cash and milestone warrants
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- Cash fee of $20,000/month retroactive to June 20, 2023, accrued if funds unavailable.
- Warrants for 350,000 shares at $0.001/share upon execution; additional warrants up to 1.5M shares on milestones.
- Milestones include OTCQB clearance, scientific study results, working agreement, resolution of claims against Bradley White, hiring CEO, and $3M min raise in secondary offering.
- Warrant issuance conditioned on average daily trading volume of at least 1,000 shares for 5 consecutive days.
- Upon full-time CEO appointment, Miller becomes executive consultant for 6 months at $10,000/month plus 25,000 warrants/month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792941/000149315223036706/0001493152-23-036706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792941/000149315223036706/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-036706

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