Monitor future revenue reporting to assess likelihood of bonus payout; no leadership change or strategic shift indicated. The filing is administrative and unlikely to move the stock absent new financial disclosures.
Price Chart
Executive Summary
Functional Brands Inc. amended CEO Eric Gripentrog's employment agreement to align the term with the fiscal calendar, clarify financial terms in USD, and update revenue targets for bonus eligibility. No executive departure or material agreement beyond the employment amendment was disclosed.
Key Facts
- Amendment No. 2 to CEO Eric Gripentrog's employment agreement was approved by the Compensation Committee on April 17, 2026.
- The amendment aligns the employment term with the company's fiscal calendar, clarifies that all dollar amounts are in USD, and restates the CEO's duties and revenue targets for bonus determination.
- Bonus eligibility is tied to consolidated net revenue targets: 100% payout at $7M+, 150% at $10M+, and 200% at $15M+.
- No departure of officers or directors occurred; the filing relates solely to a compensatory arrangement update.
Financial Impact
No immediate financial impact disclosed; potential future cash outflow tied to revenue performance against thresholds of $7M, $10M, and $15M.
Risk Factors
- Failure to meet revenue targets could impact executive retention and morale.
- Concentration risk given CEO's pivotal role and performance-linked compensation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-045626 |
| Document: ea028697401ex10-1.htm | 0001213900-26-045626 |
| Document: 0001213900-26-045626-index-headers.html | 0001213900-26-045626 |
| Document: 0001213900-26-045626-index.html | 0001213900-26-045626 |
| Document: 0001213900-26-045626.txt | 0001213900-26-045626 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | 8-K | $0.004200 | awaiting T+60 | — | $0.004150 (+1.19%) |
Jul 13, 2026 15w ago | 25-NSE | $0.005000 $0.004800 | ▲ +4.00% | ▲ +8.25% | $0.004150 (+17.00%) |
Jun 15, 2026 19w ago | 8-K | $0.0188 $0.005300 | ▲ +71.81% | ▲ +73.07% | $0.004150 (+77.93%) |
May 28, 2026 21w ago | 8-K | $0.0810 $0.004000 | ▲ +95.06% | ▲ +96.80% | $0.004150 (+94.88%) |
May 27, 2026 21w ago | DEFA14A | $0.0810 $0.004000 | ▼ −95.06% | ▼ −96.80% | $0.004150 (−94.88%) |
May 27, 2026 21w ago | DEFA14A | $0.0800 $0.004200 | ▼ −94.75% | ▼ −96.63% | $0.004150 (−94.81%) |
May 22, 2026 22w ago | 8-K | $0.1060 $0.004200 | ▲ +96.04% | ▲ +99.23% | $0.004150 (+96.08%) |
May 20, 2026 22w ago | 3 | $0.0770 $0.004900 | ▼ −93.64% | ▼ −97.94% | $0.004150 (−94.61%) |
May 20, 2026 22w ago | 8-K | $0.0770 $0.004900 | ▼ −93.64% | ▼ −97.94% | $0.004150 (−94.61%) |
May 19, 2026 23w ago | DEFA14A | $0.0850 $0.004200 | ▼ −95.06% | ▼ −100.06% | $0.004150 (−95.12%) |
US Market Status
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