secwatch.observer — SEC 8-K summary
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Issuer:     CitroTech Inc. (CITR)
CIK:        0000894556
Form:       8-K
Filed at:   2026-04-03T23:59:59+00:00
Accession:  0001683168-26-002645
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CitroTech CTO Stephen Conboy resigns, transitions to advisor with equity and product sales rights
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894556/000168316826002645/0001683168-26-002645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894556/000168316826002645/citro_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-002645

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