Current Report · Items 1.01, 9.01 · 8-K
Endovia Health Sciences, Inc.
EDVANYSE_AMERICANEQUITYCurrent
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On August 20, 2026, Endovia Health Sciences, Inc. (the “Company”) entered into an Employment Agreement (each, an “Agreement”) with each of Brady Cobb for his employment as Interim Chief Executive Officer of the Company and Michael Bondurant for his employment as Interim Chief Operating Officer of the Company.…
Filed Aug 26, 2026Accepted Aug 26, 2026, 4:30 PM EDTCIK 1553788Accession 0001731122-26-001152
Company context
Splash is a Nevada corporation that was historically seeking to identify, acquire, and build early stage or under-valued beverage brands that have strong growth potential within its distribution system. During the current fiscal year beginning January 1, 2026, Splash has moved away from beverages and is focusing on the cannabinoid and wellness economy businesses.
Current securities
Historical securities (3)
Disclosure sections
Items 1.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement
On August 20, 2026, Endovia Health Sciences, Inc.
(the “Company”) entered into an Employment Agreement (each, an “Agreement”) with each of Brady Cobb for his employment
as Interim Chief Executive Officer of the Company and Michael Bondurant for his employment as Interim Chief Operating Officer of the Company.
Pursuant to the Agreements, the Company agreed to compensate Mr. Cobb and Mr. Bondurant as follows for their services: (a) a base salary
at the gross annual rate of $300,000 and $275,000, respectively and (b) the following bonuses for each of Mr. Cobb and Mr. Bondurant,
subject to continued employment with the Company on the applicable dates: (i) a cash bonus of $50,000 upon a successful increase in the
Company’s market capitalization of $5,000,000 above the Company’s market capitalization as of the date of the Agreement, measured
on or before October 30, 2026 based on the average of the closing prices of the Company’s common stock for three consecutive trading
days, (b) a cash bonus of $50,000 if the Company’s market capitalization increases to $10,000,000 above the Company’s market
capitalization as of the date of the Agreement, measured on or before December 31, 2026 based on the average of the closing prices of
the Company’s common stock for three consecutive trading days, and (c) a bonus equal to 3% of all additional market capitalization
of the Company above $10,000,000 above the Company’s market capitalization as of the date of the Agreement achieved during the 2026
calendar year, subject to a maximum aggregate bonus of $300,000, determined based on the highest market capitalization based on the average
of the closing prices of the Company’s common stock for three consecutive trading days during the period from the date of the Agreement
through December 31, 2026. Mr. Cobb and Mr. Bondurant may be eligible to earn annual performance bonuses based on revenue targets and
profit goals mutually established by the Company’s management team and approved by the Board or the Compensation Committee.
In connection with their employment, each of Messrs.
Cobb and Bondurant also received option grants, and subject to shareholder approval will also be entitled to receive restricted stock
unit (“RSU”) grants. Specifically, Mr. Cobb received 231,250 options and Mr. Bondurant received 200,000 options, and subject
to shareholder approval each of Messrs. Cobb and Bondurant will become entitled to receive 7% of the 20% of the Company’s fully
diluted shares outstanding approved by the Board of Directors, as previously disclosed. Under each Agreement, if the applicable executive’s
employment is terminated by the Company without cause or if a change of control transaction occurs, all unvested options and/or RSUs that
were issued to such executive shall vest upon the occurrence of such event.
The foregoing description of Mr. Cobb and Mr. Bondurant’s
Employment Agreements do not purport to be complete and are qualified in their entirety by the full text of the Employment Agreements,
a copy of which are filed as Exhibit 10.1 and 10.2 and are incorporated herein by reference.