secwatch.observer — SEC 8-K summary
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Issuer:     SUI Group Holdings Ltd. (SUIG)
CIK:        0001425355
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001654954-22-016150
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425355/000165495422016150/0001654954-22-016150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425355/000165495422016150/mcvt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-016150

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