secwatch.observer — SEC 8-K summary
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Issuer:     Sanara MedTech Inc. (SMTI)
CIK:        0000714256
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001493152-24-037820
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714256/000149315224037820/0001493152-24-037820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714256/000149315224037820/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037820

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