secwatch.observer — SEC 8-K summary
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Issuer:     Chilean Cobalt Corp. (COBA)
CIK:        0001727255
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001683168-23-004685
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chilean Cobalt adopts 2023 equity plan, re-elects CEO Blount, grants 750K options
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- Shareholders holding 54.03% of common stock approved by written consent the 2023 Equity Incentive Plan and re-election of Duncan Blount as director.
- Plan reserves 1,963,746 shares of common stock for future equity awards to officers, directors, employees, and consultants.
- Board granted 750,000 stock options at $0.26/share to executives and directors; vest quarterly over three years, expire in 10 years.
- Key recipients: CEO Duncan Blount (300,000 shares), CFO Jim Van Horn (150,000 shares), COO Jeremy McCann (75,000 shares).
- Duncan Blount re-elected to a three-year term as director expiring June 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727255/000168316823004685/0001683168-23-004685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727255/000168316823004685/chilean_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004685

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