{"url_path":"/sec/glai/8-k/2026-05-19/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1473490/0001493152-26-024455-index.html","accession_number":"0001493152-26-024455","cik":"0001473490","ticker":"GLAI","issuer_name":"Global AI, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1473490/0001493152-26-024455-index.html","primary_entity_key":"0001473490","primary_entity_name":"Global AI, Inc."},"word_count":381,"has_tables":true,"body_markdown":"**Item\n5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of\nCertain Officers.**\n\n \n\nAs\npreviously disclosed, on September 19, 2025, Global AI, Inc. (the “Company”) and Darko Horvat, the Company’s Chief\nExecutive Officer and Chairman of the Board and a significant stockholder of the Company, entered into an Executive Employment Agreement\n(the “Horvat Agreement”), effective as of September 1, 2025. Pursuant to the terms of the Horvat Agreement, the Company agreed\nto pay Mr. Horvat an initial annual base salary of $650,000. Mr. Horvat was also eligible for annual incentive compensation targeted\nat 50% of base salary, subject to performance against key performance indicators established by the Board of Directors.\n\n \n\nThe\nHorvat Agreement also provided for equity incentives, including:\n\n \n\n \n●\nTime-based\nstock option grant equal to 2.5% of outstanding equity, vesting over four years with a one-year cliff;\n\n \n●\nMilestone-based\nstock option grant equal to 2.5% of outstanding equity, vesting over four years upon achievement of performance milestones; and\n\n \n●\nMarket\ncapitalization restricted stock unit milestone grants, with awards valued at $18.75 million to $37.5 million upon achievement of\ncertain market capitalization thresholds, subject to Board approval and liquidity conditions.\n\n \n\nIn\naddition, Mr. Horvat was entitled to a sale bonus equal to 1% of enterprise value upon consummation of a qualifying change of control\ntransaction with a pre-determined enterprise value.\n\n \n\nShortly\nafter entering into the Horvat Agreement, the Company and Mr. Horvat determined that they wished to terminate the Horvat Agreement, although\nMr. Horvat would continue to serve as a non-employee Chief Executive Officer. The Company and Mr. Horvat memorialized this understanding\nin the Termination and Release Agreement, dated as of May 13, 2026, by and between the Company and Mr. Horvat (the “Termination\nAgreement”). Pursuant to the Termination Agreement, the termination of the Horvat Agreement was deemed effective as of September\n19, 2025.\n\n \n\nMr.\nHorvat continued to serve as Chief Executive Officer following termination of the Horvat Agreement and entry into the Termination Agreement.\n\n \n\nThe\nforegoing description of the Termination Agreement is qualified in its entirety by reference to the complete terms and conditions of\nthe Termination Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated by reference\ninto this Item 5.02."}