Company: ORBS
Filing Date: 2025-09-10
Form Type: 8-K
Source: 0001493152-25-013003
Chunk: 1

Company: Eightco Holdings Inc.
Filing Date: 2025-09-10
Form: 8-K
Item: Item 3.02
Chunk 1
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,280,822 shares of restricted Common Stock (the “ Restricted
Stock”), which shall be subject to a 5-year vesting period, with 20% of the Restricted Stock vesting annually on the anniversary
of the grant date; and (B) options to purchase up to up to 856,164 shares of Common Stock at an exercise price of $14.60 per share, which
shall expire (if unexercised) seven years following the grant date, in each case subject to the terms and conditions described in the
Board of Directors Agreement entered into between Mr. Ives and the Company. The foregoing description of the Board of Directors Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit
10.11 hereto and incorporated by reference herein.

There
are no other arrangements or understandings between Mr. Ives and any other persons pursuant to which he was elected as a director of
the Company. There are no family relationships between Mr. Ives and any other director or executive officer of the Company and he has
no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated
by the Securities and Exchange Commission.

Kevin
O’ Donnell (Chief Executive Officer) & Brett Vroman (Chief Financial Officer)

Under
his Agreement with the Company, Mr. O’ Donnell will continue as CEO, on a non-interim basis, for a one-year term commencing on a
date to be determined in 2025, with an option to renew for an additional one-year term. Mr. O’ Donnell will
receive an annualized base salary of $500,000, payable in accordance with the Company’s regular payroll practices. He
is eligible for a one-time cash bonus equal to 175% of his base salary ($875,000), payable within thirty days following the twelve-month
anniversary of the start date, subject to the Company’s achievement of certain milestones related to a PIPE transaction, timely
filing of required reports, and a clean annual audit. If the renewal option is exercised, Mr. O’ Donnell will be
eligible for an annual bonus during the renewal term, with the amount and performance metrics to be determined by the Board. Subject
to Board approval, Mr. O’ Donnell will be granted 400,000 restricted stock units subject to a vesting period of