secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001493152-24-004963
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224004963/0001493152-24-004963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224004963/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004963

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