Alphega Innovations Corp. entered executive employment agreements with Luis Carlos Ung and Shabnoor Shah, setting annual performance-bonus targets of up to 50% of base salary. The arrangements define Leadership terms through December 31, 2028, while giving investors a disclosed framework for cash, Bonus and Equity compensation.

Key Highlights

  • The executive agreements took effect on August 26, 2026, and continue through December 31, 2028.
  • The filing grants the COO 1,000,000 Fully Vested restricted shares.
  • No cash base salary had been set for either executive as of the agreement date.

Both executives will continue in their current roles and report directly to the board.

Executive Terms Run Through December 31, 2028

The agreements became effective on August 26, 2026, and set an initial employment period ending December 31, 2028. The documents are substantially identical, apart from the executive’s identity and position, and permit both officers to perform their duties remotely.

The board will establish any cash base salary from time to time through a board or compensation committee resolution. As of the agreement date, no cash base salary had been set for either executive. Annual bonus eligibility is separate from equity compensation and will depend on written individual and company performance objectives.

The board’s disinterested members approved the arrangements, with Ung and Shah abstaining from votes concerning their own agreements and equity awards. The agreements also provide for annual equity compensation, subject compensation to any board clawback policy and require disputes to proceed through final and binding arbitration under Wyoming law.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/2038564/000203856426000012/alpga-20260825_8k.htm