{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-000811","form_type":"8-K","ticker":"USBC","cik":"0001074828","company_name":"USBC, Inc.","filed_at":"2023-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.782672+00:00","generated_at":"2026-06-20T09:06:51.665752+00:00","sec_items":["5.02","7.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Know Labs CEO Phillip Bosua resigns, receives $400K severance; Chairman Ronald Erickson named CEO","bullets":["Phillip Bosua resigned as CEO and Board member on Jan 23, 2023; not due to any disagreement with the company.","Bosua receives $400,000 severance, $10k/month consulting fee for one year, and lock-up on 3,005,000 shares.","Chairman Ronald P. Erickson appointed as CEO, effective Jan 23, 2023, while remaining Chairman of the Board.","Bosua's outstanding stock options cease vesting; vested options exercisable for one year post-separation."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-000811","json":"https://secwatch.observer/filing/0001654954-23-000811.json","markdown":"https://secwatch.observer/filing/0001654954-23-000811.md","text":"https://secwatch.observer/filing/0001654954-23-000811.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074828/000165495423000811/0001654954-23-000811-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074828/000165495423000811/know_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T09:06:51.665752+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"228926a2a0","claim":"Phillip A. Bosua resigned as Chief Executive Officer at USBC, Inc..","evidence_excerpt":"On January 23, 2023, Phillip A. Bosua resigned from the Board of Directors and from his position as Chief Executive Officer of Know Labs, Inc.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1074828/000165495423000811/0001654954-23-000811-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ecd78a716d","claim":"Ronald P. Erickson was appointed as Chief Executive Officer at USBC, Inc..","evidence_excerpt":"On January 23, 2023, the Board of Directors of the Company appointed Ronald P. Erickson, the current Chairman of the Board, to the position of Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1074828/000165495423000811/0001654954-23-000811-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}