secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN WIRELESS CORP (FKWL)
CIK:        0000722572
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0001683168-24-007000
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Wireless adopts indemnification agreements for all directors and officers
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- Board approved form of Indemnification Agreement on Oct 2, 2024; authorized entry with each director and officer.
- Agreements require company to indemnify for attorneys' fees, judgments, fines, and settlements arising from service.
- Company will advance legal expenses before final disposition of claims, subject to repayment if indemnification later denied.
- After a Change in Control, Independent Legal Counsel selected by Indemnitee will evaluate indemnification claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722572/000168316824007000/0001683168-24-007000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722572/000168316824007000/franklin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-007000

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