secwatch.observer — SEC 8-K summary
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Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001493152-24-015501
Event type: other
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PetVivo launches cost reduction program; CEO and CBDO/GC salaries cut
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- CEO John Lai salary reduced from $350,000 to $150,000 per year, effective May 1, 2024.
- Chief Business Dev. Officer John Dolan salary reduced from $230,000 to $120,000 annually.
- Program led by new CFO Garry Lowenthal; additional labor and operating cuts expected.
- Goal is to preserve cash, reduce operating loss and monthly cash burn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224015501/0001493152-24-015501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224015501/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015501

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