secwatch.observer — SEC 8-K summary
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Issuer:     SKYX Platforms Corp. (SKYX)
CIK:        0001598981
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001493152-24-051859
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SKYX enters three-year employment agreement with President Steven Schmidt; grants 350K RSUs and options
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- Term ends Dec 31, 2027; either party may terminate with 30 days' notice.
- Grant of 250,000 RSUs and 250,000 options vesting 10,000 immediately, then 20,000 quarterly.
- Additional grant of 100,000 RSUs and 100,000 options vesting 50,000 on Jan 1, 2025 and Jan 1, 2026.
- Compensation is equity-only; no base salary specified; up to 4 weeks vacation.
- Two-year post-employment non-compete and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224051859/0001493152-24-051859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598981/000149315224051859/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-051859

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