secwatch.observer — SEC 8-K summary
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Issuer:     Earth Science Tech, Inc. (ETST)
CIK:        0001538495
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001493152-24-052476
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earth Science Tech expands board to 7, appoints Flores and Losada; CEO/COO salaries set at $200k/$150k per month
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- Board expanded from 5 to 7; Ernesto L. Flores and Victoria Losada elected as new directors, each paid $4,000 per meeting attended.
- Compensation Committee formed with Flores as chair, joined by Emiliano Curia and Victoria Losada; Flores also joins Audit Committee, replacing Mario G. Tabraue.
- CEO and COO amended employment agreement: CEO monthly salary $200k, COO $150k, effective January 1, 2025.
- CEO eligible for quarterly bonus of 10% of prior quarter revenue; COO 7% of revenue; both contingent on assets increasing at least 5% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538495/000149315224052476/0001493152-24-052476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538495/000149315224052476/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-052476

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