SRM Entertainment Announces Board and Executive Compensation Changes
Ticker: TRON · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1956744
| Field | Detail |
|---|---|
| Company | Srm Entertainment, Inc. (TRON) |
| Form Type | 8-K |
| Filed Date | Sep 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $225,000, $5 million, $20 million, $2 million, $50,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
TL;DR
SRM board shakeup & pay changes announced Sept 10.
AI Summary
SRM Entertainment, Inc. announced on September 10, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of a director and the election of a new director, along with adjustments to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company direction and stability.
Key Players & Entities
- SRM Entertainment, Inc. (company) — Registrant
- September 10, 2024 (date) — Date of earliest event reported
FAQ
Who departed from the board of directors?
The filing indicates the departure of a director, but the specific name is not provided in the provided text.
Who was elected to the board of directors?
The filing states the election of a new director, but the specific name is not provided in the provided text.
What is the principal executive office address for SRM Entertainment, Inc.?
The principal executive offices are located at 1061 E. Indiantown Rd., Ste. 110, Jupiter, FL 33477.
What is the telephone number for SRM Entertainment, Inc.?
The registrant's telephone number is (407) 230-8100.
What is the SIC code for SRM Entertainment, Inc.?
The Standard Industrial Classification code is 3944, GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES).
Filing Stats: 999 words · 4 min read · ~3 pages · Grade level 12.7 · Accepted 2024-09-13 16:30:37
Key Financial Figures
- $225,000 — compensate Mr. Miller a base salary of $225,000. Thereafter, the base salary shall incr
- $5 million — ng thresholds: 1% of any revenues up to $5 million; plus 1% of the second $5 million in re
- $20 million — s; plus 2% of all revenues in excess of $20 million; provided, that: (i) the Bonus is subje
- $2 million — t: (i) the Bonus is subject to a cap of $2 million; and (ii) the Bonus may be paid, at the
- $50,000,000 — Share Awards or Options to be Awarded $50,000,000 $250,000 $100,000,000 $500,000 $5
- $250,000 — or Options to be Awarded $50,000,000 $250,000 $100,000,000 $500,000 $500,000,000
- $100,000,000 — to be Awarded $50,000,000 $250,000 $100,000,000 $500,000 $500,000,000 $1,000,000
- $500,000 — $50,000,000 $250,000 $100,000,000 $500,000 $500,000,000 $1,000,000 Each addit
- $500,000,000 — 00 $250,000 $100,000,000 $500,000 $500,000,000 $1,000,000 Each additional $500,000,
- $1,000,000 — $100,000,000 $500,000 $500,000,000 $1,000,000 Each additional $500,000,000 $1,000,
Filing Documents
- form8-k.htm (8-K) — 44KB
- ex10-1.htm (EX-10.1) — 77KB
- 0001493152-24-036210.txt ( ) — 314KB
- srm-20240910.xsd (EX-101.SCH) — 3KB
- srm-20240910_lab.xml (EX-101.LAB) — 33KB
- srm-20240910_pre.xml (EX-101.PRE) — 24KB
- 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. SRM ENTERTAINMENT, INC. Date: September 13, 2024 By: /s/ Richard Miller Name: Richard Miller Title: Chief Executive Officer