secwatch.observer — SEC 8-K summary
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Issuer:     374Water Inc. (SCWO)
CIK:        0000933972
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001654954-24-006780
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

374Water signs employment agreement with COO Meyers; base salary $300k, equity grant of 462k shares
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- Base salary rises to $300,000/year from $200,000; eligible for annual bonus up to 50% of base.
- Equity award of 231,000 RSUs and 231,000 options. Time-vesting: 25% in year 1, then monthly over 36 months; performance-vesting on operating profit and $100M revenue milestone.
- Termination without cause or good reason yields 6 months salary, benefits, pro-rated bonus, and accelerated vesting through 6 months post-separation.
- Shares may be issued under private placement exemption (Section 4(a)(2)/Reg D) or future Form S-8 registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933972/000165495424006780/0001654954-24-006780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933972/000165495424006780/scwo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006780

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