secwatch.observer — SEC 8-K summary
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Issuer:     Tron Inc. (TRON)
CIK:        0001956744
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001493152-24-036210
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SRM enters new CEO employment agreement with Richard Miller; base salary $225K, 10% annual raises
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- CEO Richard Miller’s new agreement effective Jan 1, 2024, cancels prior contract; 3-year initial term, auto-renew.
- Base salary $225,000, increasing 10% each Jan 1; annual cash bonus set by Board, payable in cash or stock.
- Restricted share award equal to base salary granted each Jan 1, fully vested on grant; additional equity grants tied to revenue and market cap milestones.
- Equity grants up to $250K at $50M market cap, $500K at $100M, $1M at $500M, plus $1M per additional $500M.
- Severance: greater of 2 years’ base + last year’s bonus or base through remaining term, contingent on release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1956744/000149315224036210/0001493152-24-036210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1956744/000149315224036210/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036210

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