secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K/A
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001641172-25-012045
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Red Cat raises director cash comp to $75k, CEO gets 1M options plus $125k bonus
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- Director annual cash stipend increased from $50,000 to $75,000; RSU equity raised to $125,000.
- CEO Jeffrey Thompson receives 1,000,000 stock options vesting over 3 years, exercise price set May 22, 2025.
- CEO also gets $125,000 one-time bonus for closing registered direct offering, plus vehicle allowance up to $1k/month.
- Committee chair stipends increased: Audit $20k, Comp $17.5k, Nominating $15k, non-chair committee service adds $10k.
- Plan covers period May 1, 2025 to Dec 31, 2025 after fiscal year-end change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000164117225012045/0001641172-25-012045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000164117225012045/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-012045

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