secwatch.observer — SEC 8-K summary
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Issuer:     Item 9 Labs Corp. (—)
CIK:        0001500123
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001554795-23-000204
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CFO Robert Mikkelsen terminates employment, becomes consultant; severance deferred
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- Employment agreement terminated June 30, 2023 as part of restructuring; Mikkelsen continues as CFO under 90-day consulting agreement, extendable.
- Consulting compensation: $20,000/month, 50% paid during engagement, 50% deferred for six months.
- Severance of $10,000/month for 12 months, deferred for 90 days.
- Separation not due to any disagreement with the company's operations, policies, or practices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500123/000155479523000204/0001554795-23-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500123/000155479523000204/inlb0707form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-23-000204

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