---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-044816"
form_type: "8-K"
ticker: "MDWK"
cik: "0001295514"
company_name: "MDWerks, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:36:45.774548+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MDWerks repurchases all Series A Preferred stock, enters employment agreements with CEO and Chairman

## Summary
- Purchased all 8,957,000 Series A Convertible Preferred shares from Tradition Reserve I LLC for $10, eliminating that class.
- Employment agreements with CEO/CFO Steven Laker (retroactive to July 15, 2024) and Chairman James Cassidy (retroactive to Jan 1, 2024).
- Laker's base salary escalates from $180k (2024-2025) to $350k (2029); received 500,000 shares and eligible for up to 3M performance shares.
- Cassidy's base salary escalates from $180k (2024-2025) to $350k (2029); received 500,000 shares and eligible for up to 3M performance shares.
- Both agreements provide severance of 12 months' salary plus full vesting acceleration on termination without cause.

## SEC filing metadata
- accession: 0001493152-24-044816
- form_type: 8-K
- ticker: MDWK
- cik: 0001295514
- company_name: MDWerks, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295514/000149315224044816/0001493152-24-044816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295514/000149315224044816/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-044816
- JSON: https://secwatch.observer/filing/0001493152-24-044816.json
- Plain text: https://secwatch.observer/filing/0001493152-24-044816.txt

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