{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-015242","form_type":"8-K","ticker":"SNAL","cik":"0001886894","company_name":"Snail, Inc.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.094752+00:00","generated_at":"2026-06-03T16:53:17.442286+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Snail CEO Jim Tsai resigns; Hai Shi and Tony Tian appointed Co-CEOs effective April 15, 2024","bullets":["Jim Tsai resigned as CEO and from board committees on April 15, 2024, but remains on board and will assist transition through May 15.","Hai Shi (founder, Chairman, CSO) and Xuedong (Tony) Tian appointed Co-CEOs; Tian will receive $300,000 base salary plus performance bonuses in stock and cash.","Tian's bonus includes stock awards tied to stock price milestones: [*****] shares at $[*****] and [*****] shares at $[*****] or greater; also up to [*****]% of capital raised.","Heidy Chow appointed Chair of Nominating and Corporate Governance Committee and member of Compensation Committee, replacing Tsai."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-015242","json":"https://secwatch.observer/filing/0001493152-24-015242.json","markdown":"https://secwatch.observer/filing/0001493152-24-015242.md","text":"https://secwatch.observer/filing/0001493152-24-015242.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886894/000149315224015242/0001493152-24-015242-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886894/000149315224015242/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T16:53:17.442286+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"788f067be5","claim":"Hai Shi was appointed as Co-Chief Executive Officer at Snail, Inc..","evidence_excerpt":"On April 15, 2024, in conjunction with Mr. Tsai’s resignation as the Company’s Chief Executive Officer, the Company appointed Hai Shi and Xuedong (Tony) Tian to serve as the Company’s new Co-Chief Executive Officers, effective April 15, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886894/000149315224015242/0001493152-24-015242-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Co-Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cce87a506f","claim":"Jim S. Tsai resigned as Chief Executive Officer at Snail, Inc..","evidence_excerpt":"On April 15, 2024, Jim S. Tsai notified Hai Shi, the Chairman of the Board of Directors (the “Board”) and Chief Strategy Officer of Snail, Inc. (the “Snail”), of his decision to resign from his position as the Chief Executive Officer of Snail","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886894/000149315224015242/0001493152-24-015242-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e6770e6e79","claim":"Xuedong (Tony) Tian was appointed as Co-Chief Executive Officer at Snail, Inc..","evidence_excerpt":"On April 15, 2024, in conjunction with Mr. Tsai’s resignation as the Company’s Chief Executive Officer, the Company appointed Hai Shi and Xuedong (Tony) Tian to serve as the Company’s new Co-Chief Executive Officers, effective April 15, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886894/000149315224015242/0001493152-24-015242-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Co-Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}