Digital Ally director resigns; executive compensation for 2024 includes salaries and restricted stock

KUSTOM ENTERTAINMENT, INC.

Michael Caulfield resigned as director effective Jan 31, 2024.
2024 base salaries: CEO Stanton Ross $250K, COO Peng Han $250K, CFO Thomas Heckman $120K.
CEO eligible for bonus up to $250K, COO up to $125K, based on performance reviews.
CEO granted 20,000 restricted shares; COO granted 15,000 restricted shares; vest upon Jan 31, 2025 or Clover Leaf merger.

item 5.02

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Departed

Michael J. Caulfield

Director

KUST · KUSTOM ENTERTAINMENT, INC.

Effective: 2024-01-31
Filed: February 5, 2024, 6:59 PM ET

On January 31, 2024, Michael J. Caulfield notified the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) that he resigns as a director of the Board, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Michael J. Caulfield resigned as Director at KUSTOM ENTERTAINMENT, INC..

Action: resigned
Role: Director

Exact text from the filing

On January 31, 2024, Michael J. Caulfield notified the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) that he resigns as a director of the Board, effective immediately.

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KUSTOM ENTERTAINMENT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-004963

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