secwatch.observer — SEC 8-K summary
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Issuer:     Luvu Brands, Inc. (LUVU)
CIK:        0001374567
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001654954-23-011658
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFO Alexander Sannikov resigns; Martin Scott appointed as CFO of Luvu Brands
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- CFO Alexander Sannikov resigned effective Sept 1, 2023; no disagreement with board or management.
- Martin Scott, CPA, appointed CFO; previously founder of Martin Scott CFO Consulting Services.
- Employment term 12 months, base salary $126,000/year; no severance on termination.
- Scott receives option for 200,000 shares at $0.0812/share, vesting 50% on Sept 1, 2024 and 2025.
- Options accelerate upon change of control or uplisting to a national exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374567/000165495423011658/0001654954-23-011658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374567/000165495423011658/luvu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-011658

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