secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001854964-23-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewLake Capital enters new employment agreement with CEO Anthony Coniglio for one-year term starting March 18, 2024
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- New employment agreement with CEO Anthony Coniglio replaces prior three-year term with a one-year term beginning March 18, 2024.
- Base salary remains $400,000; target annual bonus of $300,000 (75% of base) with max of $600,000.
- Severance on termination without cause or for good reason includes 2x (base + target bonus), equity vesting, and 18 months COBRA.
- Prior agreement expired; non-renewal was mutual and not due to any disagreement.
- Agreement automatically renews for one-year periods unless 90 days notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000185496423000045/0001854964-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000185496423000045/nclp-20231221.htm
  HTML page:      https://secwatch.observer/filing/0001854964-23-000045

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