secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001654954-24-000185
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber CEO Shannon Wilkinson resigns; CFO Robert Mikkelsen appointed CEO
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- Shannon Wilkinson voluntarily resigned as CEO effective Jan 2, 2024; remains on board.
- Robert Mikkelsen appointed CEO, continues as CFO; 1-year employment agreement.
- Mikkelsen receives $120k base salary (rises to $240k upon positive adjusted EBITDA) + 1M restricted shares.
- Performance stock units up to 500k shares each for market cap milestones and profitability targets.
- Transaction bonus of 1x salary + 1M shares on change of control; increases for deals >$200M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495424000185/0001654954-24-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495424000185/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-000185

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