Glacier Worldwide appoints Kevin Kwok as CFO, effective Nov 1, 2023

Glacier Worldwide, Inc.

Kevin Kwok named CFO; Breyon Prescott resigns as CFO but remains CEO and sole director.
Base salary of $165,000/year, with auto increase of at least 3% from April 1, 2025.
Eligible for annual discretionary bonus of up to 20% of base salary.
Granted option to buy 7M shares at $0.50/share, vesting in 1M increments every Apr 1 and Oct 1 through 2027.
Severance of three months' base salary if terminated without cause or due to death/disability.

item 5.02 item 9.01

Executive movements

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Role change

Breyon Prescott

Chief Financial Officer

Glacier Worldwide, Inc.

Effective: 2023-11-01
Successor: Kevin Kwok
Filed: November 7, 2023, 6:59 PM ET

Breyon Prescott, who had been serving as the Company’s Chief Executive Officer and Chief Financial Officer, resigned from the position of Chief Financial Officer effective upon the appointment of Mr. Kwok and continues to serve as the Company’s sole director and Chief Executive Officer.

Appointed

Kevin Kwok

Chief Financial Officer

Glacier Worldwide, Inc.

Effective: 2023-11-01
Filed: November 7, 2023, 6:59 PM ET

Glacier Worldwide, Inc., (the “Company”) and Kevin Kwok entered into an employment agreement (the “Kwok Employment Agreement”), effective as of November 1, 2023 (the “Kwok Employment Agreement Effective Date”), pursuant to which Mr. Kwok will serve as Chief Financial Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Breyon Prescott resigned as Chief Financial Officer at Glacier Worldwide, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Breyon Prescott, who had been serving as the Company’s Chief Executive Officer and Chief Financial Officer, resigned from the position of Chief Financial Officer effective upon the appointment of Mr. Kwok and continues to serve as the Company’s sole director and Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Kwok was appointed as Chief Financial Officer at Glacier Worldwide, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Glacier Worldwide, Inc., (the “Company”) and Kevin Kwok entered into an employment agreement (the “Kwok Employment Agreement”), effective as of November 1, 2023 (the “Kwok Employment Agreement Effective Date”), pursuant to which Mr. Kwok will serve as Chief Financial Officer of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001640334-23-002032

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