secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001663577-24-000071
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iQSTEL enters new 5-year CEO/CFO employment deals; CCO resigns to lead subs
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- CEO Iglesias new 5-yr deal: $31k/mo salary, bonus up to 1M shares, 4% net income, 2-mo salary.
- CFO Quintana new 5-yr deal: $22k/mo salary, bonus up to 800k shares, 4% net income, 2-mo salary.
- Both can convert unpaid salary into stock at 25% discount to 10-day VWAP.
- Juan Carlos Lopez resigns as CCO (Mar 1), becomes CEO of subsidiaries Etelix and SwissLink.
- Director compensation set at $2,500/mo or 10k shares monthly; chairman/secretary extra $2,500.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000071/0001663577-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000071/iqst8k022924.htm
  HTML page:      https://secwatch.observer/filing/0001663577-24-000071

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