Monitor future 10-Q/K filings for revenue and cash-flow updates — this filing contains no operating data. The CEO retention is neutral; the 2.5M share grant is standard incentive compensation with no immediate market signal.
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Executive Summary
Greenway Technologies entered into a 3-year employment agreement and stock award agreement with CEO Doug Cogan on June 12, 2026, formalizing his role as President (appointed June 9, 2026). The agreement provides for a $240,000 annual base salary, a discretionary bonus target of 25% of salary, and an immediate grant of 2,500,000 shares of common stock. This is a routine executive compensation filing with no material financial data disclosed — the company's operating performance and revenue remain unstated.
Key Facts
- CEO Doug Cogan appointed as President on June 9, 2026, in addition to his CEO role
- Employment agreement effective June 12, 2026, with an initial 3-year term and automatic 1-year renewals
- Base salary of $240,000 per year, with Board discretion to increase up to 5% annually
- Discretionary bonus target of up to 25% of base salary ($60,000), subject to performance goals
- Immediate grant of 2,500,000 shares of common stock to Cogan via stock award agreement
- Severance: 1x base salary + target bonus if terminated without cause (1.5x within 1 year after a change of control)
- No financial results, revenue figures, or guidance were disclosed in this filing
Financial Impact
CEO compensation: $240k annual cash salary, $60k bonus target, 2.5M shares issued, with 1x severance (1.5x change-in-control). No impact on reported revenue or earnings as none were disclosed.
Risk Factors
- The company trades on OTC with no listed trading symbol on a national exchange — liquidity risk
- No financial performance data disclosed; inability to assess underlying business health
- Significant dilution from 2.5M share grant, but impact depends on current share count which is not provided
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-028662 |
| Exhibit: ex10-2.htm | 0001493152-26-028662 |
| Document: form8-k.htm | 0001493152-26-028662 |
| Document: 0001493152-26-028662-index-headers.html | 0001493152-26-028662 |
| Document: 0001493152-26-028662-index.html | 0001493152-26-028662 |
| Document: 0001493152-26-028662.txt | 0001493152-26-028662 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 15, 2026 19w ago | 8-K | $0.0350 $0.0308 | ▼ −12.00% | ▼ −11.86% | $0.0154 (−56.06%) |
Jun 3, 2026 20w ago | 8-K | $0.0165 $0.0308 | ▲ +86.67% | ▲ +88.04% | $0.0154 (−6.79%) |
Apr 17, 2026 27w ago | 8-K | $0.0225 $0.0165 | ▼ −26.67% | ▼ −32.04% | $0.0154 (−31.64%) |
US Market Status
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