Bubblr Inc. Reports Board Changes and Compensation Adjustments
Ticker: BBLR · Form: 8-K · Filed: Jul 9, 2024 · CIK: 1873722
| Field | Detail |
|---|---|
| Company | Bubblr Inc. (BBLR) |
| Form Type | 8-K |
| Filed Date | Jul 9, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $450,000 b, $180,000, $5,000,000, $450,000, $90,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Bubblr Inc. shakes up board and exec pay. Big changes coming?
AI Summary
Bubblr Inc. announced on July 8, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside adjustments to compensatory plans for key personnel.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Bubblr Inc. (company) — Registrant
- July 8, 2024 (date) — Date of earliest event reported
- New York (location) — Principal Executive Offices
- Wyoming (location) — State of incorporation
FAQ
What specific roles have changed within Bubblr Inc.'s board of directors and executive team?
The filing indicates changes in directorship and executive positions, but specific names and roles are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 8, 2024.
What is the principal executive office address for Bubblr Inc.?
The principal executive offices are located at 21 West 46th Street, New York, New York 10036.
In which state was Bubblr Inc. incorporated?
Bubblr Inc. was incorporated in Wyoming.
What is the telephone number listed for Bubblr Inc.'s principal executive offices?
The telephone number is (646) 814-7184.
Filing Stats: 1,215 words · 5 min read · ~4 pages · Grade level 10 · Accepted 2024-07-09 16:05:36
Key Financial Figures
- $450,000 b — on agreed to compensate Mr. Morris with $450,000 base pay per annum, with payments reduced
- $180,000 — annum, with payments reduced by 60% to $180,000 per annum until the Corporation has rec
- $5,000,000 — nnum until the Corporation has received $5,000,000 in debt or equity financing. On April
- $450,000 — with Mr. Morris to reduce his pay from $450,000 to $90,000 per annum and forfeit $270,0
- $90,000 — rris to reduce his pay from $450,000 to $90,000 per annum and forfeit $270,000 of defer
- $270,000 — 50,000 to $90,000 per annum and forfeit $270,000 of deferred compensation. There were
- $236,200 — 0,000 to $180,000 per annum and forfeit $236,200 of deferred compensation. There were
Filing Documents
- form8-k.htm (8-K) — 46KB
- 0001493152-24-026627.txt ( ) — 213KB
- bblr-20240708.xsd (EX-101.SCH) — 3KB
- bblr-20240708_lab.xml (EX-101.LAB) — 33KB
- bblr-20240708_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 9, 2024 BUBBLR, INC. By: /s/ Steve Morris Steve Morris President