Verses AI Inc. 8-K

What Happened Verses AI Inc. (OTC: VRSSF) filed an 8-K on March 11, 2026 disclosing that on March 9, 2026 its Board approved a compensation package for newly appointed Interim Chief Executive Officer David Scott. The arrangement includes cash pay starting March 2026 and equity awards. The filing also notes that management hosted an online webinar on March 10, 2026; the transcript and presentation were furnished as exhibits to the 8-K.

Key Details

• Cash pay: $15,000 per month for Mr. Scott, commencing March 2026.
• Stock options: 120,000 non‑qualified options under the company’s Omnibus Equity Incentive Plan, with an exercise price of $0.68 per share (equal to the OTCQB closing price). Vesting: 20,000 at grant, remainder vests in equal weekly installments over 52 weeks starting March 9, 2026, subject to continued service.
• Change‑of‑control RSUs: 50,000 restricted stock units to be granted upon signing a binding definitive agreement for a Change in Control Transaction; they fully vest on closing. The change‑of‑control triggers reference a price/consideration of Cdn$8.00 per share.
• Investor disclosure: Webinar transcript and presentation from March 10, 2026 were filed as Exhibits 99.1 and 99.2.

Why It Matters This filing informs investors about the company’s current executive compensation and incentives for its interim CEO. The cash component is modest, while the option grant at the current market price provides time‑based retention incentives but no immediate intrinsic value. The 50,000 RSUs tied to a change‑of‑control at Cdn$8.00 per share set a high exit threshold relative to current trading levels, indicating those RSUs are aimed at rewarding a significant sale or acquisition. The webinar materials offer additional management commentary and tech updates for investors to review.