secwatch.observer — SEC 8-K summary
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Issuer:     GIFTIFY, INC. (GIFT)
CIK:        0001760233
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001493152-25-003086
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Giftify appoints Balazs Wellisch as COO of Restaurant.com subsidiary
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- Three-year employment agreement for Balazs Wellisch as COO, effective Jan 16, 2025.
- Annual base salary of $240,000 with minimum 5% annual merit increase and $25,000 minimum bonus.
- Severance includes 6 months' salary if terminated without cause or for good reason, plus accelerated equity vesting.
- Mr. Wellisch also enters into confidentiality and non-competition agreement for term plus one year.
- Mr. Wellisch previously served as CTO of Restaurant.com; now reports to CEO Ketan Thakker.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760233/000149315225003086/0001493152-25-003086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760233/000149315225003086/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003086

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