---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-000538"
form_type: "8-K"
ticker: "TCRI"
cik: "0001481443"
company_name: "TechCom, Inc."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:54:14.658629+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TechCom grants CEO & CFO warrants for up to 20% stock each, contingent on funding and revenue milestones

## Summary
- CEO Charles Faulkner and CFO Simon Wajcenberg get annual salary of $300k each, but only after closing of $75M+ funding.
- First warrant gives each 10% of fully diluted stock at funding's average trading price; vests over 36 months, accelerates upon $75M LOC repayment.
- Second warrant gives each additional 10% at 5x first exercise price, exercisable only after $10M monthly revenue for four months.
- Company may terminate agreements by June 30, 2024 if not achieving $2M monthly revenue and repaying $75M LOC.
- No commitment for funding or line of credit exists; compensation and warrants are contingent.

## SEC filing metadata
- accession: 0001683168-24-000538
- form_type: 8-K
- ticker: TCRI
- cik: 0001481443
- company_name: TechCom, Inc.
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481443/000168316824000538/0001683168-24-000538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481443/000168316824000538/techcom_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000538
- JSON: https://secwatch.observer/filing/0001683168-24-000538.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000538.txt

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