Brand Engagement Network names Michael Zacharski Co-CEO, grants $500k bonus, extends option to 2033

Brand Engagement Network Inc.

Second Amendment to Employment Agreement: Michael Zacharski earns $500k Merger Bonus, 50% in restricted stock and 50% cash by Sep 30 or acquisition, whichever earlier.
Effective June 24, 2024, Zacharski becomes Co-CEO with duties limited to strategic advice on M&A, reporting to Board.
Option Agreement amended to extend exercise period to March 15, 2033; expiration not accelerated except for Cause.
Debt conversion: 93,333 shares issued at $4.50/share to October 3rd Holdings to convert $420k subsidiary debt.
Securities Purchase Agreement: sale of 120k shares and 240k warrants at $2.50/share for $300k total.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Zacharski

Co-Chief Executive Officer

BNAI · Brand Engagement Network Inc.

Effective: 2024-06-24
Filed: July 5, 2024, 7:59 PM ET

Mr. Zacharski will serve as the Company's Co-Chief Executive Officer with responsibilities, duties and authority limited solely to providing strategic advice to the Company related to potential acquisitions and related transactions, reporting directly to the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Zacharski was appointed as Co-Chief Executive Officer at Brand Engagement Network Inc..

Action: appointed
Role: Co-Chief Executive Officer

Exact text from the filing

Mr. Zacharski will serve as the Company's Co-Chief Executive Officer with responsibilities, duties and authority limited solely to providing strategic advice to the Company related to potential acquisitions and related transactions, reporting directly to the Board of Directors of the Company.

View on SEC.gov

Brand Engagement Network Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-026344

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.