secwatch.observer — SEC 8-K summary
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Issuer:     Earth Science Tech, Inc. (ETST)
CIK:        0001538495
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0001493152-24-033969
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earth Science Tech approves new CEO/COO compensation tied to monthly cash receipts
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- CEO Saumat to receive 18% of monthly cash receipts; COO Tabraue 12%, starting Oct 1, 2024.
- Payments conditioned on quarter-over-quarter net profit increase; else renegotiation required.
- COO Tabraue relinquishes all roles in wholly owned subsidiaries and associated compensation.
- CEO and COO both entered new 12-month employment agreements effective August 16, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538495/000149315224033969/0001493152-24-033969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538495/000149315224033969/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033969

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer