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8-K: Current report

SEC ·  Jul 10 18:10
Summary by Futu AI
On July 9, 2024, Signing Day Sports, Inc. (the "Company") announced an amendment to the employment agreement with its CEO, Daniel Nelson. The amendment, detailed in a Form 8-K filed with the SEC, revises the severance terms for Mr. Nelson. Under the new terms, if Mr. Nelson is terminated without cause, he will receive severance payments equal to his base salary over 12 months. Additionally, if a termination occurs following a Change of Control, he will receive half of his base salary over six months. The severance payments are contingent upon Mr. Nelson providing a release of claims against the Company. The full text of the amendment is attached as Exhibit 10.1 to the report.
On July 9, 2024, Signing Day Sports, Inc. (the "Company") announced an amendment to the employment agreement with its CEO, Daniel Nelson. The amendment, detailed in a Form 8-K filed with the SEC, revises the severance terms for Mr. Nelson. Under the new terms, if Mr. Nelson is terminated without cause, he will receive severance payments equal to his base salary over 12 months. Additionally, if a termination occurs following a Change of Control, he will receive half of his base salary over six months. The severance payments are contingent upon Mr. Nelson providing a release of claims against the Company. The full text of the amendment is attached as Exhibit 10.1 to the report.
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