AASP · Agassi Sports Entertainment Corp.

Summary

Agassi Sports Entertainment Corp. entered into a five-year Executive Employment Agreement effective March 1, 2026, with CEO Ronald S. Boreta, providing $270,000 base salary with 10% annual increases, $250,000 sign-on bonus (unpaid), 300,000 RSUs subject to Board approval, and specified severance terms. The Board adopted the 2026 Equity Incentive Plan on March 23, 2026, authorizing 1,500,000 shares for various equity awards.

Key takeaways

• Entered Executive Employment Agreement with CEO Ronald S. Boreta effective March 1, 2026, through February 28, 2031 with auto-renewal.
• CEO base salary $270,000 with 10% annual increases and target 50% cash bonus.
• $250,000 sign-on bonus payable at signing, not yet paid.
• Grant of 300,000 RSUs vesting 1/3 annually on Dec 31, 2026-2028, pending Board approval post Form S-8.
• Adopted 2026 Equity Incentive Plan effective March 23, 2026, with 1,500,000 share reserve.
• Severance for termination without cause or good reason: 3x base salary plus target bonus, 12 months COBRA.