{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-033593","form_type":"8-K","ticker":"BRTX","cik":"0001505497","company_name":"BioRestorative Therapies, Inc.","filed_at":"2026-07-16T21:30:15+00:00","discovered_at":"2026-07-16T21:32:00.259468+00:00","generated_at":"2026-07-16T21:32:07.348898+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BioRestorative CEO and CFO resign; board appoints new CEO, investigates employment agreements","bullets":["CEO Lance Alstodt and CFO Robert Kristal resigned July 13, 2026, claiming 'Good Reason' under alleged Change in Control; seek ~$2.85M aggregate severance plus equity acceleration.","Board appointed director Katharyn Field as CEO, President, and interim CFO; she also serves as CEO of iSpecimen (ISPC).","Board elected Esha Randhawa and Steven Brown as new directors; committees reconstituted with new chairs.","Board authorized investigation into negotiation and approval of employment agreements; no severance payments pending outcome.","Employment agreements amended July 8, 2026 to limit change-in-control severance to only certain transaction types."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-033593","json":"https://secwatch.observer/filing/0001493152-26-033593.json","markdown":"https://secwatch.observer/filing/0001493152-26-033593.md","text":"https://secwatch.observer/filing/0001493152-26-033593.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505497/000149315226033593/0001493152-26-033593-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505497/000149315226033593/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-16T21:32:07.348898+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}