secwatch.observer — SEC 8-K summary
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Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001493152-24-040705
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetVivo adopts non-employee director compensation policy for FY2025; aggregate cost ~$223K
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- Each non-employee director receives $10,000 annual cash retainer, payable quarterly as cash flow permits.
- Annual equity award of 35,000 RSUs per director, vesting quarterly in equal installments at VWAP.
- Committee meeting attendance fee of $500 per meeting; chair compensation ranges from $5,000 to $10,000 annually per role.
- Total estimated compensation expense for 12-month period is ~$223,000, assuming $0.55 per share for RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224040705/0001493152-24-040705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224040705/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-040705

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