Global Interactive Technologies, Inc. (GITS) Form 8-K — Oct 21, 2026
Global Interactive Technologies (GITS) appointed Amy Shi, a director since December 2024, as Executive Chair of the Board effective October 15, 2026, under a one-year auto-renewing Executive Chair Service Agreement. Ms. Shi will receive $10,000 per month initially, rising to $20,000 per month after one year, plus a $250,000 annual equity reference amount with the initial award fully vested upon grant. She is also owed $75,000 for prior executive services from July 2025 through September 2026.
Key figures
- Severance
- 12 months of base cash compensation for termination without cause or resignation for good reason
- Annual equity reference
- $250,000 per year, initial award fully vested
- Past executive services
- $75,000 for July 2025-September 2026 at $5,000/month
- Executive chair monthly cash
- $10,000 per month ($120,000 annually), rising to $20,000 per month ($240,000 annually) after one year
- Deferred until next financing
- Yes
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