secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN WIRELESS CORP (FKWL)
CIK:        0000722572
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001683168-25-003497
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Wireless repurchases CEO's vested options for 200,000 shares at $746,067
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- Agreement with CEO OC Kim to repurchase fully-vested options for 200,000 common shares.
- Purchase price of $746,066.67; options were under the 2020 Stock Option Plan.
- Transaction scheduled to close on May 15, 2025.
- CEO Kim remains President, CEO, and director; no change in leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722572/000168316825003497/0001683168-25-003497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722572/000168316825003497/franklin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-003497

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer