Jowell Global Renews CEO Contract, Sets Salary
Ticker: JWEL · Form: 6-K · Filed: Mar 12, 2024 · CIK: 1805594
Sentiment: neutral
Topics: executive-compensation, employment-agreement, ceo
TL;DR
Jowell Global CEO Haiting Li's contract renewed for 1 year, salary $59k + bonus.
AI Summary
Jowell Global Ltd. announced on March 11, 2024, that it renewed the Employment Agreement with its CEO, Mr. Haiting Li. The agreement is for a one-year term effective March 1, 2024. Mr. Li will receive an annual salary of RMB420,000 (approximately $59,000) and is eligible for an annual cash bonus.
Why It Matters
This filing confirms the continued leadership of the CEO and outlines his compensation, providing clarity on executive stability and associated costs for investors.
Risk Assessment
Risk Level: low — The filing is a routine renewal of an executive employment agreement with no significant changes or negative implications.
Key Numbers
- RMB420,000 — CEO Annual Salary (Base compensation for Mr. Haiting Li.)
- $59,000 — CEO Annual Salary (USD) (Approximate USD equivalent of the CEO's base compensation.)
Key Players & Entities
- Jowell Global Ltd. (company) — The company filing the report and renewing the agreement.
- Haiting Li (person) — Chief Executive Officer of Jowell Global Ltd. whose employment agreement was renewed.
- RMB420,000 (dollar_amount) — Annual salary of the CEO under the renewed agreement.
- $59,000 (dollar_amount) — Approximate USD equivalent of the CEO's annual salary.
- March 1, 2024 (date) — Effective date of the renewed employment agreement.
- March 11, 2024 (date) — Date the company announced the renewal of the employment agreement.
FAQ
What is the duration of the renewed employment agreement for Mr. Haiting Li?
The renewed Employment Agreement for Mr. Haiting Li is for a one-year term.
When is the renewed employment agreement effective?
The renewed employment agreement is effective from March 1, 2024.
What is the base annual salary for Mr. Haiting Li under the new agreement?
Mr. Haiting Li will receive an annual salary of RMB420,000 (approximately $59,000).
Is Mr. Haiting Li eligible for any additional compensation?
Yes, Mr. Li will be eligible for an annual cash bonus.
What is the filing date of this Form 6-K?
This Form 6-K was filed on March 12, 2024.
Filing Stats: 293 words · 1 min read · ~1 pages · Grade level 11.1 · Accepted 2024-03-12 16:30:25
Key Financial Figures
- $59,000 — ual salary of RMB420,000 (approximately $59,000), and will be eligible for an annual ca
Filing Documents
- ea0201534-6k_jowell.htm (6-K) — 16KB
- ea020153401ex10-1_jowell.htm (EX-10.1) — 47KB
- 0001213900-24-021842.txt ( ) — 64KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Jowell Global Ltd. Date: March 12, 2024 By: /s/ Haiting Li Name: Haiting Li Title: Chief Executive Officer 2 Exhibit Index Exhibit No. Description 10.1 Employment Agreement by and between Jowell Global Ltd. and Haiting Li dated March 11, 2024 3