secwatch.observer — SEC 8-K summary
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Issuer:     Global AI, Inc. (GLAI)
CIK:        0001473490
Form:       8-K
Filed at:   2026-05-19T21:12:35+00:00
Accession:  0001493152-26-024455
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473490/000149315226024455/0001493152-26-024455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473490/000149315226024455/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024455

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