secwatch.observer — SEC 8-K summary
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Issuer:     Bubblr Inc. (BBLR)
CIK:        0001873722
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001663577-23-000153
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bubblr appoints Timothy Burks as CEO, Stephen Morris as CTO and Chair, effective April 1, 2023
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- Stephen Morris resigned as interim CEO, appointed CTO and Chair; Timothy Burks named CEO and board member.
- Burks receives $240k salary (increasing to $600k upon $5M capital raise) and option for 4.8M shares at $0.17.
- Morris receives $180k salary (increasing to $450k upon $5M capital raise) and option for 3.36M shares at $0.187, fully vested.
- CFO David Chetwood gets amended agreement: $180k salary (increasing to $450k) and option for 3.36M shares.
- All executives have two-year non-solicit and six-month severance after 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873722/000166357723000153/0001663577-23-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873722/000166357723000153/bblr8k040623.htm
  HTML page:      https://secwatch.observer/filing/0001663577-23-000153

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