secwatch.observer — SEC 8-K summary
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Issuer:     Global Clean Energy Holdings, Inc. (—)
CIK:        0000748790
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001575872-23-000868
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Global Clean Energy appoints Nikhil Vasa as CFO; replaces Ralph Goehring
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- Nikhil Vasa, 38, appointed EVP and CFO effective May 23, 2023; previously EVP, Finance since Jan 2023.
- Base salary $400k/year, 3-year term, eligible for equity incentives and annual cash bonus target 30% of base.
- Prior equity grants: option for 125k shares at $1.39 (50% vested immediately, rest over 36 months) and option for 475k shares at $0.81 subject to financing.
- Ralph Goehring, former CFO, remains as SVP, Chief Accounting Officer and Treasurer.
- Severance: 6 months base salary and 18 months medical premium reimbursement upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748790/000157587223000868/0001575872-23-000868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748790/000157587223000868/gceh-20230523.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-000868

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