UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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THE SECURITIES EXCHANGE ACT OF 1934
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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 December 7, 2023, on the approval and recommendation of the Compensation Committee the Board, La Rosa Holdings Corp., a Nevada corporation (the “Company”), entered into Amendment No. 2 (the “Amendment”) to that certain Amended and Restated Employment Agreement, dated April 29, 2022 (the “Employment Agreement”). between the Company and Joseph La Rosa, the Company’s Chief Executive Officer.
The Amendment amends Sections 4.3(a) and 4.3(b) of the Employment Agreement changing the form of equity awards to be granted to Mr. La Rosa under these sections from restricted common stock to stock options. Pursuant to the Amendment, the Company issued Mr. La Rosa a non-qualified stock option to purchase an aggregate of 900,000 shares of common stock for $2.09 (the closing price of the Company’s common stock on December 6, 2023). The option was granted pursuant to the Company’s 2022 Equity Incentive Plan (the “2022 Plan”) and vested 100% upon issuance. The option expires on the tenth anniversary date of the date of issuance, subject to terms and conditions of Mr. La Rosa’s Employment Agreement and the 2022 Plan.
The foregoing summary does not purport to be complete and is qualified in its entirety by the Amendment, copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are being filed herewith:
Exhibit No. | Description | |
10.1 | Amendment No. 2 dated December 7, 2023 to Amended and Restated Employment Agreement between La Rosa Holdings Corp. and Joseph La Rosa dated April 29, 2022 | |
104 | The cover page from this Current Report on Form 8-K, formatted in 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.
Date: December 8, 2023 | LA ROSA HOLDINGS CORP. | |
By: | /s/ Kent Metzroth | |
Name: | Kent Metzroth | |
Title: | Chief Financial Officer |
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