secwatch.observer — SEC 8-K summary
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Issuer:     AVAX ONE TECHNOLOGY LTD. (AVX)
CIK:        0001826397
Form:       8-K
Filed at:   2024-07-08T23:59:59+00:00
Accession:  0001493152-24-026510
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AgriForce sets new CEO compensation at $220k cash + $220k RSUs; Chairman gets $45k cash + deal-based RSUs
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- Chairman David Welch receives $45,000/year cash plus RSUs valued at $50,000 per consummated acquisition or JV.
- CEO Jolie Kahn gets $220,000/year cash, payable monthly at $9,166.67, with an additional $9,166.67/month accrued quarterly.
- Kahn also receives $220,000/year in RSUs, payable quarterly starting September 30, 2024.
- RSUs are computed using 30-day trailing VWAP; dollar value based on prior day's closing price.
- Kahn becomes eligible for health benefits effective January 1, 2025; both may get additional bonuses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826397/000149315224026510/0001493152-24-026510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826397/000149315224026510/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-026510

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