---
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"
generated_at: "2026-06-28T23:37:18.853772+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Franklin Wireless renews CEO OC Kim's employment for 3 years at $300k salary; change-of-control payout of $5M set

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-21-004671
- JSON: https://secwatch.observer/filing/0001683168-21-004671.json
- Plain text: https://secwatch.observer/filing/0001683168-21-004671.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.