secwatch.observer — SEC 8-K summary
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Issuer:     Global AI, Inc. (GLAI)
CIK:        0001473490
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001493152-25-014995
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global AI appoints founder Darko Horvat as CEO and Chairman, effective Sept 1, 2025
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- Darko Horvat named CEO and Chairman; base salary $650K, annual incentive target 50% of base.
- Equity grants: time-based options 2.5% (4-yr vest), milestone options 2.5%, market-cap RSUs $18.75M–$37.5M.
- Sale bonus of 1% of enterprise value on qualifying change of control.
- Horvat holds 42.3M Class A and 40.0M Class B shares, representing 96.6% voting power.
- Press release cites focus on AI platform, strategic acquisitions, and global expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473490/000149315225014995/0001493152-25-014995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473490/000149315225014995/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-014995

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