secwatch.observer — SEC 8-K summary
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Issuer:     Glacier Worldwide, Inc. (—)
CIK:        0001655971
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001640334-23-002032
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655971/000164033423002032/0001640334-23-002032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655971/000164033423002032/pods_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-002032

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