secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001510964-21-000087
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences enters new employment agreement with CFO Joerg Grasser; base salary $350K with deferred comp
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- Term through Dec 26, 2024; Base salary $350K, reduced to $235K plus deferred comp accrual.
- Annual bonus target 20% of base salary, discretionary by Board.
- Change-of-control bonus: lump sum 2x $350K ($700K).
- Severance: without cause or good reason, continuation of salary & benefits through term (min 1 yr); equity vesting accelerates.
- Cause or voluntary termination: only unpaid deferred comp and salary through date; no severance; unvested equity forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000151096421000087/0001510964-21-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000151096421000087/cvsi-20211217.htm
  HTML page:      https://secwatch.observer/filing/0001510964-21-000087

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