secwatch.observer — SEC 8-K summary
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Issuer:     GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES (GWTI)
CIK:        0001572386
Form:       8-K
Filed at:   2026-06-15T18:24:30+00:00
Accession:  0001493152-26-028662
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenway Tech appoints Doug Cogan as President; new 3-year employment agreement with $240K salary, 2.5M shares
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- Doug Cogan, already CEO, appointed President effective June 9, 2026.
- Employment Agreement effective June 12, 2026, with initial 3-year term and automatic 1-year renewals.
- Base salary $240,000/year, up to 5% annual discretionary increase; target bonus up to 25% of base salary.
- Initial grant of 2,500,000 shares of restricted common stock; additional annual equity awards possible.
- Severance: 1x base salary plus target bonus if terminated without cause; 1.5x multiplier within change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1572386/000149315226028662/0001493152-26-028662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1572386/000149315226028662/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028662

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