secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001493152-25-007211
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315225007211/0001493152-25-007211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315225007211/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-007211

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