home · filing · 0001731122-24-000687
8-K filed April 25, 2024, 7:59 PM ET
ticker KAVL
CIK 0001762239
leadership
confidence high
sentiment neutral
materiality 0.30
Kaival Brands appoints two new directors; sets compensation plans for four board members
Kaival Brands Innovations Group, Inc.
Ashesh Modi and Ketankumar Patel appointed to Board on April 23, 2024; Modi chairs governance/nominating committee.
Each new director receives $50,000 annual cash retainer; $5,000 additional for serving as committee chair.
Each director granted options to purchase 6,000 shares under 2020 Stock Plan, vesting 25% on grant date, then quarterly.
Compensation agreements also entered with existing directors David Worner and Mark Thoenes on identical terms.
All directors serve until next annual shareholder meeting or earlier removal/resignation.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2024-04-23
Filed April 25, 2024, 7:59 PM ET
On April 23, 2024, Ketankumar Patel was appointed to the Board of Directors of the Company.
Effective 2024-04-23
Filed April 25, 2024, 7:59 PM ET
On April 23, 2024, Ashesh Modi was appointed to the Board of Directors of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ketankumar Patel was appointed as Director at Kaival Brands Innovations Group, Inc..
Action appointed
Role Director
Exact text from the filing
On April 23, 2024, Ketankumar Patel was appointed to the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ashesh Modi was appointed as Director at Kaival Brands Innovations Group, Inc..
Action appointed
Role Director
Exact text from the filing
On April 23, 2024, Ashesh Modi was appointed to the Board of Directors of the Company.
View on SEC.gov
Source: SEC EDGAR
accession 0001731122-24-000687
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