---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-024455"
form_type: "8-K"
ticker: "GLAI"
cik: "0001473490"
company_name: "Global AI, Inc."
filed_at: "2026-05-19T21:12:35+00:00"
generated_at: "2026-05-19T21:15:01.111538+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Global AI and CEO Darko Horvat terminate employment agreement with $650k salary, equity grants; Horvat stays CEO

## Summary
- Horvat's Sept 2025 employment agreement terminated effective back to Sept 19, 2025; no payments owed.
- Horvat continues as CEO without an employment agreement; compensation terms not specified.
- Mutual release of claims between company and Horvat; litigation waiver.
- Previous agreement included $650k base salary, 50% bonus target, equity grants of up to $37.5M.

## SEC filing metadata
- accession: 0001493152-26-024455
- form_type: 8-K
- ticker: GLAI
- cik: 0001473490
- company_name: Global AI, Inc.
- filed_at: 2026-05-19T21:12:35+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473490/000149315226024455/0001493152-26-024455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473490/000149315226024455/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-024455
- JSON: https://secwatch.observer/filing/0001493152-26-024455.json
- Plain text: https://secwatch.observer/filing/0001493152-26-024455.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.