{"schema_version":"secwatch.filing_event.v1","accession":"0001740797-23-000032","form_type":"8-K","ticker":"AVAI","cik":"0001740797","company_name":"AVAI BIO, INC.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.337719+00:00","generated_at":"2026-06-16T06:38:22.449299+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Appoints Kenneth L. Waggoner as CEO; salary payable in shares, bonus tied to capital raising","bullets":["CEO base salary $720k/year in common stock, increasing to $1.44M upon uplisting to a national exchange.","Quarterly share payments determined by dividing $180k by 20-day VWAP.","Bonus of at least $200k if Waggoner raises sufficient equity or working capital.","Company to maintain D&O insurance comparable to Nasdaq-listed tech firms."],"urls":{"canonical":"https://secwatch.observer/filing/0001740797-23-000032","json":"https://secwatch.observer/filing/0001740797-23-000032.json","markdown":"https://secwatch.observer/filing/0001740797-23-000032.md","text":"https://secwatch.observer/filing/0001740797-23-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000032/0001740797-23-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000032/tren8k_ceoamend.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:38:22.449299+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":"a1cf425913","claim":"Kenneth L. Waggoner was appointed as Chief Executive Officer at AVAI BIO, INC..","evidence_excerpt":"On April 20, 2023, Trend Innovations Holding Inc. (the “Company”) and Kenneth L. Waggoner entered into an Executive Compensation Agreement pursuant to which Mr. Waggoner was retained as Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000032/0001740797-23-000032-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retained"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}