---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000687"
form_type: "8-K"
ticker: "KAVL"
cik: "0001762239"
company_name: "Kaival Brands Innovations Group, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:09:36.495516+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands appoints two new directors; sets compensation plans for four board members

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-24-000687
- form_type: 8-K
- ticker: KAVL
- cik: 0001762239
- company_name: Kaival Brands Innovations Group, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762239/000173112224000687/0001731122-24-000687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762239/000173112224000687/e5619_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000687
- JSON: https://secwatch.observer/filing/0001731122-24-000687.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000687.txt

## Key facts
- Executive change
  Ketankumar Patel was appointed as Director at Kaival Brands Innovations Group, Inc..
  - Action: appointed
  - Role: Director
  source text: On April 23, 2024, Ketankumar Patel was appointed to the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112224000687/0001731122-24-000687-index.htm
- Executive change
  Ashesh Modi was appointed as Director at Kaival Brands Innovations Group, Inc..
  - Action: appointed
  - Role: Director
  source text: On April 23, 2024, Ashesh Modi was appointed to the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112224000687/0001731122-24-000687-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.