secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001493152-24-010484
Event type: leadership
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics amends notes, extends maturity option to Dec 2025; grants 80k restricted shares to execs
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- Note amendment allows individual holders to extend maturity from March 30, 2025 to Dec 31, 2025; 12% interest continues.
- Restricted stock awards: DeSocio 30k shares, Chretien 25k, Spain 25k, vesting one-third at grant, then annually.
- Salary increases approved: DeSocio to $355k, Spain to $240k, Chretien to $212k, retroactive to Jan 1, 2024.
- Severance extended for DeSocio and Spain: 1 year base salary upon change of control, 6 months for other termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224010484/0001493152-24-010484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315224010484/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010484

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