374Water Inc. 8-K

What Happened
374Water Inc. (SCWO) filed an 8-K (Item 5.02) reporting that the company appointed Charles Weiser as Chief Financial Officer, effective July 1, 2026. The company and Mr. Weiser entered into an employment agreement dated July 1, 2026. Mr. Weiser, age 67, has served on 374Water’s board since December 29, 2025, and will continue as a director while serving as CFO. Interim CFO Adrienne Anderson resigned from the CFO role effective July 1, 2026 and will remain a consultant focused on SEC reporting and corporate finance.

Key Details

• Base salary: $225,000 per year, but salary does not commence until Sept 1, 2026 (no pay for July–Aug 2026).
• Annual bonus: Target up to 75% of base salary; pro‑rated for 2026 and contingent on company capitalization and performance objectives.
• Signing bonus: $25,000 one‑time signing bonus to be paid when the company is properly capitalized.
• Equity grants (subject to board approval under the 2021 Equity Incentive Plan): option to purchase 150,000 shares and 125,000 RSUs; 25% of each grant vests immediately, remaining 75% vests in 12 equal quarterly installments beginning Oct 1, 2026. Change‑of‑control and post‑change protections included (partial immediate vesting and full vesting if terminated without cause or for good reason within 12 months).
• Severance: If terminated without “Cause” or resigns for “Good Reason” (and signs a release), Mr. Weiser would receive six months’ salary paid over six months, six months of continued health coverage (employee contributions apply), any earned or pro‑rated bonus, and six months’ accelerated equity vesting.
• Mr. Weiser will continue in his current CFO role at Alonti Catering Kitchens until Aug 31, 2026. Employment agreement is filed as Exhibit 10.1.

Why It Matters
This 8‑K signals a permanent financial leadership appointment at 374Water, replacing an interim CFO with a board member who brings extensive CFO experience and accounting credentials (MBA; CPA licensed in Texas and Florida). The compensation package mixes cash, performance pay, and equity incentives, aligning executive pay with company performance and capitalization. Investors should note the delayed salary start, reliance on company capitalization for certain cash payments (signing bonus and annual bonus), and vesting/severance terms that could affect future dilution and executive retention.