secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001493152-26-000847
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jet.AI enters amended employment agreements with CEO and CFO; base salaries set at $425K and $300K
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- CEO Michael Winston and CFO George Murnane sign three-year employment agreements starting Dec 31, 2025, with automatic annual renewals.
- Winston annual base salary $425,000; Murnane $300,000, with CPI-U increases each year and potential merit increases.
- If market cap reaches $250M via financing or strategic transactions, Winston salary rises to $550,000 and Murnane to $425,000.
- Each executive eligible for discretionary annual bonus of up to 100% of salary; up to 40% may be paid in immediately vested stock.
- Upon change of control tied to flyExclusive deal, each receives $1.5M special cash bonus; severance includes 3 years salary and full vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315226000847/0001493152-26-000847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315226000847/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-000847

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