secwatch.observer — SEC 8-K summary
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Issuer:     LUXURBAN HOTELS INC. (—)
CIK:        0001893311
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001829126-24-004078
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LuxUrban Hotels names Robert Arigo CEO effective June 10, succeeding Shanoop Kothari
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- Robert Arigo appointed CEO effective June 10, 2024; Shanoop Kothari terminated without cause.
- Arigo's three-year agreement: $450k base salary, up to $100k bonus, 500k restricted shares per year.
- Board grants 1M restricted shares to Chairman Blutinger; vesting partly immediate upon amendments, remainder after $12M capital raise.
- Company issues ~2.47M shares to officers for accrued salaries and 5.69M shares to Brian Ferdinand for waiving $1.8M consulting fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624004078/0001829126-24-004078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624004078/luxurban_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-004078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer