Business Context and Reporting Period
This Form 8-K is a current report filed by Safety Shot, Inc. (not BONK, INC.) on October 3, 2025. The registrant is incorporated in Delaware and trades on The Nasdaq Capital Market under the symbols SHOT (Common Stock) and SHOTW (Warrants). The filing primarily addresses the formalization of an employment agreement with a newly appointed executive.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation terms.
- Base Salary: $250,000 annually for the Chief Financial Officer.
- Equity Grant (Options): 200,000 options with a strike price of $0.49, fully vested as of June 30, 2025.
- Equity Grant (RSUs): 350,000 retention Restricted Stock Units (RSUs) with immediate vesting, subject to a six-month hold period on sales beginning June 30, 2025.
- Warrant Exercise Price: $8.50 per share (existing security).
Material Changes
The material change reported is the execution of a definitive employment agreement with Markita Russell, who was appointed Chief Financial Officer (CFO) on July 30, 2025. The agreement is retroactively effective as of June 30, 2025. This formalizes the compensation structure previously announced in a July 31, 2025 filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, revenue outlook, or management commentary regarding business strategy. The only risk-related disclosure is the standard inclusion of non-disclosure provisions within the employment agreement. No contingencies or unusual items are reported.
Investor Verification Checklist
- Verify the retroactive effective date of June 30, 2025, for the CFO's compensation and equity grants.
- Confirm the vesting schedule and six-month hold period restrictions on the 350,000 RSUs.
- Review the full text of the Employment Agreement (Exhibit 10.1) for additional terms not summarized in the 8-K.
- Note the discrepancy between the request metadata ("BONK, INC.") and the actual registrant ("Safety Shot, Inc.").