UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 7, 2022, the Company filed the Report to disclose that, effective December 31, 2022, the Board of Directors (the “Board”) of the Company appointed Mr. Anthony Capone as the Company’s Chief Executive Officer. In consideration of this promotion, on March 18, 2023, the Board, upon recommendation by the Compensation Committee (the “Committee”) of the Board, approved an increase of Mr. Capone’s base salary from $425,000 to $600,000 and his target annual bonus from 73% of base salary to 100% of base salary, each to be effective April 1, 2023.
In addition, on March 16, 2023, the Committee approved the grant of fully vested stock to Mr. Capone, with a grant date fair value of approximately $43,750, which reflects the amount that would have been paid to Mr. Capone if the base salary increase were made retroactive to January 1, 2023. On the same date, the Committee also approved the grant of an additional stock option award to Mr. Capone, with a grant date fair value of approximately $366,000, which will vest in equal annual installments over four years. The stock award and the stock options will be effective on the third trading day following the date the Company files its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DOCGO INC. | |||
| By: | /s/ Anthony Capone | ||
| Name: | Anthony Capone | ||
| Title: | Chief Executive Officer | ||
Date: March 22, 2023
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