SOBR Safe, Inc. Approves Retention Payments for Executives & Directors

What Happened

• SOBR Safe, Inc. filed an 8‑K reporting that its Board approved retention payments on September 22, 2026 for certain named executive officers and directors. The Board had previously approved (but not paid) bonuses on August 18, 2026. The retention arrangements pay amounts in two installments (60% soon after Sept 22, 2026; remaining 40% on November 30, 2026) and require execution of release agreements.
• Named executive officers David Gandini (CEO) and Chris Whitaker (CFO) will receive previously approved bonuses plus separate release payments. The Board also approved retention letters and director release agreements for three directors: Sandy Shoemaker, Kris Pederson and Steven Beabout. The company also approved providing stockholders the option to vote to dissolve the Company.

Key Details

• CEO David Gandini: Bonus $100,000; Release Payment $270,000 (total $370,000). Bonus payable within 10 days of Sept 22, 2026 upon execution of a release; 60% of Release Payment payable within 10 days, 40% payable if employed on Nov 30, 2026 (and subject to release execution).
• CFO Chris Whitaker: Bonus $70,000; Release Payment $270,000 (total $340,000) with the same payment and release conditions as above.
• Directors’ retention amounts: Sandy Shoemaker $55,000 (plus an earlier-approved $30,000 bonus), Kris Pederson $50,000, Steven Beabout $70,000 (plus an earlier-approved $50,000 bonus). For directors, 60% payable within 10 days of Sept 22, 2026; remaining 40% on Nov 30, 2026 contingent on signing a release.
• If the company ceases to exist, or a participant is terminated without fault before Nov 30, 2026, the participant will be treated as employed through that date for purposes of receiving the remaining 40% payment. Forms of the retention letters and release agreements are filed as exhibits.

Why It Matters

• These payments commit near-term cash obligations and tie management and director compensation to continued service through Nov 30, 2026 or to certain termination/dissolution events.
• The Board’s action to give stockholders an option to vote on dissolution is a material corporate-development signal; the retention arrangements are designed to maintain leadership through the period surrounding that vote.
• Investors should note the specific amounts for CEO and CFO and the conditions (release execution, employment on Nov 30, 2026, or company dissolution/termination without fault) when assessing near-term cash needs and governance developments.