Agassi Sports Entertainment Corp. 8-K

What Happened Agassi Sports Entertainment Corp. (AASP) filed an 8-K (Item 5.02) reporting that on May 6, 2026 it granted 300,000 restricted stock units (RSUs) to its CEO and director, Ronald S. Boreta. The RSUs were granted under the company’s 2026 Equity Incentive Plan and are settleable in shares of common stock. The grant implements terms previously described in an Executive Employment Agreement dated March 25, 2026 (effective March 1, 2026).

Key Details

• Grant date: May 6, 2026.
• Recipient: Ronald S. Boreta, CEO and director.
• Amount: 300,000 restricted stock units, settleable in common stock.
• Vesting: 1/3 vesting on each of December 31, 2026; December 31, 2027; and December 31, 2028, subject to continued service.
• Governing documents: RSU Award Agreement and the 2026 Equity Incentive Plan were filed as exhibits to the report.

Why It Matters This grant aligns a material portion of the CEO’s compensation with company stock performance and ties value to continued service through the 2026–2028 vesting dates. For investors, the award could lead to future share issuance (dilution) as RSUs convert to common stock upon vesting, and it signals management’s incentive structure without changing cash compensation disclosed elsewhere. The filing provides the legal documents (award agreement and plan) for full terms.