{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-21-004671","form_type":"8-K","ticker":"FKWL","cik":"0000722572","company_name":"FRANKLIN WIRELESS CORP","filed_at":"2021-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:15.365531+00:00","generated_at":"2026-06-28T23:37:18.853772+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Franklin Wireless renews CEO OC Kim's employment for 3 years at $300k salary; change-of-control payout of $5M set","bullets":["CEO OC Kim's management agreement renewed for three years (Oct 1, 2021 – Sep 30, 2024) with $300,000 annual salary plus $700/month car allowance.","Upon a change of control, CEO OC Kim receives $5,000,000 lump sum plus full acceleration of unvested stock options.","COO David Lee also received a renewed change-of-control agreement on the same date.","Both agreements are effective October 1, 2021 and contain binding arbitration and California governing law."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-21-004671","json":"https://secwatch.observer/filing/0001683168-21-004671.json","markdown":"https://secwatch.observer/filing/0001683168-21-004671.md","text":"https://secwatch.observer/filing/0001683168-21-004671.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722572/000168316821004671/0001683168-21-004671-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722572/000168316821004671/franklin_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T23:37:18.853772+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}