secwatch.observer — SEC 8-K summary
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Issuer:     Kaival Brands Innovations Group, Inc. (KAVL)
CIK:        0001762239
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001731122-24-001709
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaival Brands sets CEO consulting fees, CFO base salary and stock grants
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- CEO Mark Thoenes receives $25,000/month professional fees plus 100,000 shares of common stock.
- CEO consulting agreement terminates Jan 31, 2025; pro-rata monthly severance if terminated not for cause.
- Interim CFO Eric Morris gets $180,000/year salary, $20,000 bonus, and 250,000 restricted stock shares.
- CFO employment agreement is at-will; may be terminated by either party at any time.
- Both agreements are under the company's 2020 Stock and Incentive Compensation Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1762239/000173112224001709/0001731122-24-001709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1762239/000173112224001709/e6089_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-001709

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