secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001628280-24-001172
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures amends Precision CEO's employment: salary to $475K, term to 2027, bonus structure revised
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- Base salary increased to $475,000 effective Oct 1, 2023; 5% raise for each acquired steel business over $10M revenue.
- Employment term extended to September 30, 2027.
- Annual bonus up to 100% of salary: 75% based on EBITDA targets, 25% at Compensation Committee discretion.
- FY2023 bonus fixed at $325,000, payable within 10 days of agreement.
- Additional perks: $2,400/month vehicle allowance, $400/month life insurance, 15% deferred comp contribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000162828024001172/0001628280-24-001172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000162828024001172/live-20240106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001172

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