Monitor for any subsequent filings related to the milestone bonus triggers (NASDAQ listing or M&A). The CEO appointment itself is routine and unlikely to move the stock.
Price Chart
Executive Summary
Karbon-X Corp. appointed Chad Clovis as Chief Executive Officer under an Executive Consulting Agreement effective May 18, 2026. The agreement provides a $450,000 annual base salary, 1,500,000 stock options, and a $150,000 milestone bonus tied to a NASDAQ listing or change of control. This is a routine executive appointment with no material financial impact on the company's operations.
Key Facts
- Chad Clovis appointed CEO effective May 18, 2026 under an Executive Consulting Agreement.
- Base compensation of $450,000 per year, paid monthly.
- Grant of 1,500,000 employee stock options under the 2024 Stock Option Plan.
- Eligible for a $150,000 milestone bonus upon NASDAQ listing or change of control.
- Executive is classified as an independent contractor, not an employee.
- Agreement approved by the Board on May 29, 2026 and filed as an 8-K on June 4, 2026.
Financial Impact
Annual cash compensation of $450,000 plus 1,500,000 stock options and a potential $150,000 milestone bonus. No immediate material financial impact.
Risk Factors
- Potential dilution from 1,500,000 stock options.
- No guarantee of NASDAQ listing or change of control to trigger milestone bonus.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-003674 |
| Document: karx_8k.htm | 0001477932-26-003674 |
| Document: 0001477932-26-003674-index-headers.html | 0001477932-26-003674 |
| Document: 0001477932-26-003674-index.html | 0001477932-26-003674 |
| Document: 0001477932-26-003674.txt | 0001477932-26-003674 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 10-Q/A | $0.2000 $0.1750 | ▲ +12.50% | ▲ +11.98% | $0.1750 (+12.50%) |
Oct 19, 2026 7d ago | SC 13D/A | $0.1903 $0.1900 | ▼ −0.16% | ▼ −0.68% | $0.1750 (−8.04%) |
Oct 15, 2026 11d ago | NT 10-Q | $0.1750 $0.1800 | ▼ −2.86% | ▼ −3.96% | $0.1750 (+0.00%) |
Oct 9, 2026 17d ago | SC 13D/A | $0.2000 $0.2100 | ▼ −5.00% | ▼ −5.06% | $0.1750 (+12.50%) |
Jun 5, 2026 20w ago | 8-K | $0.1890 $0.1890 | · 0.00% | ▲ +0.29% | $0.1750 (−7.41%) |
US Market Status
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