Company: RIVF
Filing Date: 2025-06-26
Form Type: 8-K/A
Source: 0001376474-25-000553
Chunk: 23

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-06-26
Form: 8-K/A
Chunk 23
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 | $360,000 
 $360,000 |
| Rob Paris, President of Rivulet Films          | 2024 
 2023 | $180,000 
 $180,000 |       | -      |        | -            | -            | -            | $180,000 
 $180,000 |

(1) The individuals listed in the summary compensation table were only granted a base salary during each of the two years ended June 30, 2024 Outstanding Equity Awards As of June 30, 2024, Rob Paris had 9 million shares underlying unexercised options that were exercisable at $0.10 per share. There were no additional i) unexercised options ii) stock that had not vested or iii) equity incentive plan awards for any of our other named executive officers that were outstanding as of June 30, 2024. Compensation of Directors There was no compensation provided to our non-employee directors during the two-years ended June 30, 2024. Compensation Committee Interlocks and Insider Participation The Company is not required to provide information regarding compensation committee and interlocks and insider participation pursuant to the exemption for SRCs included in Item 407(g)(1)(ii) of Regulation S-K. Certain Relationships and Related Transactions, and Director Independence Transactions with related persons The Company did not enter into any material transactions with related persons during the two years ended June 30, 2024 (as that term has been defined by Item 404 of Regulation S-K). Director Independence The Company’s board currently consists of three members, of which only John P. Morgan is independent. Although Rivulet Media is not currently seeking to list the Company’s securities on a national securities exchange in the U.S., the Board has undertaken a review of the independence of each of its directors based on the definition of independence under the rules of the NASDAQ (5600 Series). Based on information provided by each director concerning his or her background, employment, and affiliations, the Board has determined that majority of the board is not independent. The Company has neither an audit committee or compensation committee. Legal Proceedings The Company is not currently involved in any legal proceedings. Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters Market Information There is no established public trading market for our common shares. To that extent, a range of high and low bid information for each full quarterly period within the two most recent fiscal years is not available. Holders As of June 30,