secwatch.observer — SEC 8-K summary
======================================

Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001493152-24-042678
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Odysight.ai approves director compensation for Dr. Carlo Papa: €150K annual fees plus 30,000 options
--------------------------------------------------------------------------------

- Annual board service fee of €30,000 for Dr. Carlo Papa.
- Additional €120,000 for chairman role at planned European subsidiary, subject to formation and board approval.
- Incentive bonus parameters to be set later; options to purchase 30,000 shares at $4.80 per share granted.
- Options vest over three years: one-third at first anniversary, then eight equal quarterly installments.
- Vesting accelerates upon a change of control; compensation replaces standard quarterly director fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224042678/0001493152-24-042678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224042678/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-042678

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