---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-029286"
form_type: "8-K"
ticker: "VYST"
cik: "0001308027"
company_name: "Vystar Corp"
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T15:55:41.411220+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vystar enters employment agreement with President/CEO Jamie Rotman; $180K salary in stock with 50% discount

## Summary
- Employment agreement retroactive to Jan 1, 2024 formalizes $180K salary payable in Series C Preferred or common stock at 50% discount to 20-day average (floor $0.01) or cash.
- Signing bonus of $25K in Series C Preferred shares, vesting 25% immediately, 25% Oct 31 2024, 50% Dec 31 2024; stock trading at $0.0055 as of June 18.
- Severance: 52 weeks salary if terminated without cause; 24 months salary if change in control; requires signed separation agreement and release.
- Stock incentives: monthly salary in restricted shares with 50% discount; $25K bonus shares convertible 1:1000 into common.

## SEC filing metadata
- accession: 0001493152-24-029286
- form_type: 8-K
- ticker: VYST
- cik: 0001308027
- company_name: Vystar Corp
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1308027/000149315224029286/0001493152-24-029286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1308027/000149315224029286/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-029286
- JSON: https://secwatch.observer/filing/0001493152-24-029286.json
- Plain text: https://secwatch.observer/filing/0001493152-24-029286.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.