secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001663577-25-000215
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iQSTEL CEO/CFO amend pacts, convert $631,500 salary arrears into Series B Preferred shares
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- Board approved amended employment agreements for CEO Iglesias and CFO Quintana on June 23, 2025.
- Amendments allow conversion of unpaid salary into common shares (25% discount) or Series B Preferred Stock.
- On June 24, 2025, Iglesias and Quintana converted $631,500 accrued salary into 6,571 shares of Series B Preferred Stock.
- Series B conversion formula uses discounted common stock price then divides by 12.5 (Cardona) or 1,000 (Iglesias) per exhibits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357725000215/0001663577-25-000215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357725000215/iqst8k062425.htm
  HTML page:      https://secwatch.observer/filing/0001663577-25-000215

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