{"schema_version":"secwatch.filing_event.v1","accession":"0001721868-21-000939","form_type":"8-K","ticker":"KAYS","cik":"0001530746","company_name":"Kaya Holdings, Inc.","filed_at":"2021-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.923449+00:00","generated_at":"2026-06-27T21:55:46.793873+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Kaya Holdings restructures preferred stock and debt; insiders gain 40% voting power","bullets":["Director Jordi Arimany resigned Sept. 8, 2021; Mitchell Chupak appointed, receiving 100k shares annually.","CEO Frank and BMN exchanged Series C Preferred (28.89 common per share, 16.4% combined voting) for Series D Preferred giving 40% voting power on as-converted basis.","Accrued compensation ($1.176M) reduced: each holder waived ~$338k, deferred $250k to Jan. 1, 2025, removing $676k liabilities and reclassifying $500k as long-term debt.","Exchange Agreement approved by independent directors on Dec. 26, 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001721868-21-000939","json":"https://secwatch.observer/filing/0001721868-21-000939.json","markdown":"https://secwatch.observer/filing/0001721868-21-000939.md","text":"https://secwatch.observer/filing/0001721868-21-000939.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1530746/000172186821000939/0001721868-21-000939-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1530746/000172186821000939/f2skays8k122821.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T21:55:46.793873+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":[{"claim_id":"2c5ec432f8","claim":"Jordi Arimany resigned as director at Kaya Holdings, Inc..","evidence_excerpt":"On December 26, 2021 our board of directors accepted the resignation of Jordi Arimany as a director of the Company effective as of September 8, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1530746/000172186821000939/0001721868-21-000939-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"99425d1fe2","claim":"Mitchell Chupak was appointed as director at Kaya Holdings, Inc..","evidence_excerpt":"On December 26, 2021, our board of directors appointed Mitchell Chupak to fill the vacancy created by the resignation of Jordi Arimany.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1530746/000172186821000939/0001721868-21-000939-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}