{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-26-002645","form_type":"8-K","ticker":"CITR","cik":"0000894556","company_name":"CitroTech Inc.","filed_at":"2026-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.895139+00:00","generated_at":"2026-05-15T07:45:50.007996+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CitroTech CTO Stephen Conboy resigns, transitions to advisor with equity and product sales rights","bullets":["Conboy resigned as CTO effective March 31, 2026; serves as outside advisor to CEO during 90-day transition ending June 30, 2026.","Receives $10,000/month during transition and up to $200,000 in product advances; post-transition, exclusive sales rights in CA's Lake Tahoe area with minimum $500K sales in 2026.","Company may buy back up to $1M of Conboy's shares upon closing $10M+ financing; Conboy gets annual $1.5M restricted shares starting when CitroTech exceeds $10M revenue, up to $7.5M.","Post-transition, Conboy may purchase products at preferred pricing; affiliate agreement for 5% commission on net sales in defined territory.","Agreement includes broad release, five-year non-solicit, indefinite non-compete (except carve-out), and $1M liquidated damages per breach."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-002645","json":"https://secwatch.observer/filing/0001683168-26-002645.json","markdown":"https://secwatch.observer/filing/0001683168-26-002645.md","text":"https://secwatch.observer/filing/0001683168-26-002645.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894556/000168316826002645/0001683168-26-002645-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894556/000168316826002645/citro_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:45:50.007996+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}