Connexa Sports formalizes CEO and CFO employment agreements; Tarala gets $720K salary + $300K stock signing bonus

AIRWA INC.

CEO Thomas Tarala receives $720k base salary, $300k signing bonus in stock, and $1M success fee (unpaid) for YYEM merger.
CFO Guibao Ji gets $250k annual salary plus discretionary bonus; notice period is 1 week (first 3 months) then 1 month.
Tarala entitled to annual bonus >=100% base salary and special bonus of 3% of increased valuation on Change of Control.
Both executives have been serving since November 21, 2024; Tarala also appointed secretary effective Feb 12, 2025.
CEO contract term is 5 years; company may terminate with 180 days notice, triggering full vesting of all unvested equity.

item 5.02

Executive movements

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Appointed

Thomas Tarala

secretary

YYAI · AIRWA INC.

Effective: 2025-02-12
Filed: February 18, 2025, 6:59 PM ET

The Company also appointed Mr. Tarala to the position of secretary of the Company as of February 12, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Tarala was appointed as secretary at AIRWA INC..

Action: appointed
Role: secretary

Exact text from the filing

The Company also appointed Mr. Tarala to the position of secretary of the Company as of February 12, 2025.

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AIRWA INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-007211

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