secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001493152-23-037191
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sacks Parente Golf appoints Scott White as COO and finalizes CFO Steve Handy's employment agreement
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- Scott White appointed COO effective Oct 9, 2023; base salary $200k/year, eligible for discretionary bonus from FY2024.
- Subject to board approval, White receives option for 300,000 shares at FMV on grant date, vesting over 3 years.
- Steve Handy enters three-year employment agreement as CFO; base salary $225,000/year.
- Subject to board approval, Handy receives option for 360,000 shares at $1.07/share, vesting monthly over 3 years.
- White brings experience as former President/CEO of Ben Hogan Golf and roles at Callaway, TaylorMade, and True Temper.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315223037191/0001493152-23-037191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315223037191/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-037191

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