secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001641172-25-015111
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newton Golf appoints Jeff Clayborne as CFO; predecessor Ryan Stearns departs without severance
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- Jeff Clayborne named CFO effective June 10, 2025; previous CFO Ryan Stearns ceased June 9, 2025 with no severance.
- Clayborne's compensation: $225k base salary, target cash bonus of 75% of base, one-time signing bonus of $50k.
- Subject to shareholder approval, Clayborne receives PSU grant with max value $275k; if not approved, $275k cash LTI.
- Clayborne most recently CFO of Perfect Moment; previously Verb Technology, SONDORS, Universal Music, Disney. CPA, MBA.
- Stipend of $1,100/month until group health coverage available or one-year anniversary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000164117225015111/0001641172-25-015111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000164117225015111/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-015111

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