secwatch.observer — SEC 8-K summary
======================================

Issuer:     LUXURBAN HOTELS INC. (—)
CIK:        0001893311
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001829126-25-002740
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LuxUrban Hotels COO Robert Arigo departs; CEO Brian Ferdinand forgoes salary
----------------------------------------------------------------------------

- COO Robert Arigo terminated by mutual agreement without cause; receives $50,000 severance in 10 weekly $5,000 instalments.
- Company to repay Arigo's $67,847.78 promissory note by April 18, 2025.
- Arigo will assist as independent contractor in vendor audit; eligible for 50% of net recovery.
- CEO Brian Ferdinand voluntarily foregoes all future salary and company benefits effective April 15, 2025 to cut costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893311/000182912625002740/0001829126-25-002740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893311/000182912625002740/luxurban_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-002740

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