---
schema_version: "secwatch.filing_event.v1"
accession: "0001854964-24-000064"
form_type: "8-K"
ticker: "NLCP"
cik: "0001854964"
company_name: "NewLake Capital Partners, Inc."
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:33:49.945561+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# NewLake Capital amends CEO Coniglio's employment agreement with bonus and severance clarifications

## Summary
- Amended agreement modifies annual bonus eligibility: must be employed on payment date to receive bonus, unless terminated without Cause or for Good Reason.
- Resignation without Good Reason forfeits any unpaid Annual Bonus; prior agreement had different terms.
- New severance provision: if non-renewal occurs after signing a Change of Control agreement but before consummation, CEO gets 2x base salary plus target bonus, equity vesting, and COBRA payment.
- Base salary remains at $400,000; target annual bonus at 75% of base salary with maximum 150% of target.
- Term runs through March 18, 2025, with automatic one-year renewals unless either party gives 90 days notice.

## SEC filing metadata
- accession: 0001854964-24-000064
- form_type: 8-K
- ticker: NLCP
- cik: 0001854964
- company_name: NewLake Capital Partners, Inc.
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854964/000185496424000064/0001854964-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854964/000185496424000064/nclp-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001854964-24-000064
- JSON: https://secwatch.observer/filing/0001854964-24-000064.json
- Plain text: https://secwatch.observer/filing/0001854964-24-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.