secwatch.observer — SEC 8-K summary
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Issuer:     Brand Engagement Network Inc. (BNAI)
CIK:        0001838163
Form:       8-K
Filed at:   2026-07-13T10:15:11+00:00
Accession:  0001493152-26-032913
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brand Engagement Network enters CEO employment agreement with Tyler Luck; base salary $360K, option for 100K shares
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- Base salary $360,000 per year; term June 1, 2026 to June 1, 2029.
- One-time payments: $125,000 for interim CEO service (Sep 2025-May 2026) and $150,000 bonus for 2025.
- Non-qualified option to purchase 100,000 shares, vesting over 3 years (25k immediate, then annually).
- Performance bonuses: 3x salary if listed on Russell 1000 Growth; 5% of patent licensing revenue over $10M; RSUs at $1B, $2B, $3B market cap.
- Company may terminate only for Good Cause; severance is base salary for remainder of term or one year, whichever greater.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226032913/0001493152-26-032913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838163/000149315226032913/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-032913

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