---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-037820"
form_type: "8-K"
ticker: "SMTI"
cik: "0000714256"
company_name: "Sanara MedTech Inc."
filed_at: "2024-09-23T23:59:59+00:00"
generated_at: "2026-05-31T02:37:17.449578+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sanara MedTech formalizes CEO Ronald Nixon employment agreement with $350K salary

## Summary
- Base salary of $350,000, one-time cash bonus of $125,000, and annual stock award potential up to 75% of salary.
- Annual performance-based restricted stock award up to $625,000 based on criteria set by Compensation Committee.
- Severance: one year base salary for termination without Cause or for Good Reason; two years for termination within one year of Change of Control.
- Employment term of one year with automatic renewals; non-compete and non-solicit for 12 months post-termination.

## SEC filing metadata
- accession: 0001493152-24-037820
- form_type: 8-K
- ticker: SMTI
- cik: 0000714256
- company_name: Sanara MedTech Inc.
- filed_at: 2024-09-23T23:59:59+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/714256/000149315224037820/0001493152-24-037820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714256/000149315224037820/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-037820
- JSON: https://secwatch.observer/filing/0001493152-24-037820.json
- Plain text: https://secwatch.observer/filing/0001493152-24-037820.txt

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