Snail, Inc. Elects New Directors, Reports Officer Compensation
Ticker: SNAL · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1886894
| Field | Detail |
|---|---|
| Company | Snail, Inc. (SNAL) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.0001, $40,000, $60,000, $120,000, $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-change, executive-compensation, governance
TL;DR
Snail Inc. board shakeup: Jianhua Li & Jianfeng Li join. Officer pay details also filed.
AI Summary
Snail, Inc. announced on April 15, 2024, a change in its board of directors, with the election of two new directors, Mr. Jianhua Li and Mr. Jianfeng Li. The company also reported on compensatory arrangements for its officers. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are closely watched by investors for alignment with performance.
Risk Assessment
Risk Level: medium — Board changes and executive compensation disclosures can impact investor confidence and signal potential strategic shifts.
Key Players & Entities
- Snail, Inc. (company) — Registrant
- Jianhua Li (person) — Newly elected director
- Jianfeng Li (person) — Newly elected director
- 12049 Jefferson Blvd, Culver City, CA 90230 (location) — Principal executive offices
FAQ
Who were the new directors elected to Snail, Inc.'s board?
Mr. Jianhua Li and Mr. Jianfeng Li were elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is April 15, 2024.
What is Snail, Inc.'s state of incorporation?
Snail, Inc. is incorporated in Delaware.
What is the company's principal executive office address?
The principal executive offices are located at 12049 Jefferson Blvd, Culver City, CA 90230.
What items are covered in this Form 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 2,439 words · 10 min read · ~8 pages · Grade level 10.3 · Accepted 2024-04-18 18:48:15
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share SNAL The Nasdaq Stock Mar
- $40,000 — tors receive an annual cash retainer of $40,000, which is payable in quarterly installm
- $60,000 — eceive an annual grant in the amount of $60,000 in equity-based compensation in the for
- $120,000 — ill receive annual cash compensation of $120,000 and continue to be an invaluable resour
- $300,000 — includes: (i) an annual base salary of $300,000; (ii) an annual performance bonus payab
Filing Documents
- form8-k.htm (8-K) — 60KB
- ex10-1.htm (EX-10.1) — 57KB
- ex10-1_001.jpg (GRAPHIC) — 12KB
- ex10-1_002.jpg (GRAPHIC) — 6KB
- 0001493152-24-015242.txt ( ) — 328KB
- snal-20240415.xsd (EX-101.SCH) — 3KB
- snal-20240415_lab.xml (EX-101.LAB) — 33KB
- snal-20240415_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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 hereunto duly authorized. Dated: April 18, 2024 SNAIL, INC. By: /s/ Hai Shi Name: Hai Shi Title: Co-Chief Executive Officer 5