---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-016150"
form_type: "8-K"
ticker: "SUIG"
cik: "0001425355"
company_name: "SUI Group Holdings Ltd."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:46:58.138131+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mill City Ventures adopts 2022 Stock Incentive Plan, grants options to CEO, CFO, and directors

## Summary
- Plan authorizes up to 900,000 shares of common stock for incentive awards, subject to shareholder approval.
- CEO Douglas M. Polinsky and CFO Joseph A. Geraci each granted non-statutory options for 250,000 shares at $2.12/share.
- Three independent directors each granted non-statutory options for 100,000 shares at same price.
- Options cannot be exercised until shareholders approve the Plan; Plan terminates on 10th anniversary of adoption.
- Grants recognize successful Nasdaq listing and operating results, per Compensation Committee.

## SEC filing metadata
- accession: 0001654954-22-016150
- form_type: 8-K
- ticker: SUIG
- cik: 0001425355
- company_name: SUI Group Holdings Ltd.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425355/000165495422016150/0001654954-22-016150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425355/000165495422016150/mcvt_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-016150
- JSON: https://secwatch.observer/filing/0001654954-22-016150.json
- Plain text: https://secwatch.observer/filing/0001654954-22-016150.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.