Updated

Updated · TradingView · Aug 20

Eva Extends CEO David Boulette With 5-Year Deal, Offering Up to 1 Million Preferred Shares

Updated

Updated · TradingView · Aug 20

Eva Extends CEO David Boulette With 5-Year Deal, Offering Up to 1 Million Preferred Shares

Q: What secret multi-year milestones must CEO David Boulette achieve to unlock his massive new equity package at Eva Live Inc.?

They are not publicly known. Eva Live’s announcement and the related SEC filing say only that Boulette’s equity award of up to 1,000,000 shares of Series A Preferred Stock is tied to “multi-year performance milestones,” but the company did not disclose what those milestones are. What is known is the structure of the package: the preferred shares are convertible into common stock at a 1-for-150 ratio, making the award potentially very large if fully earned. Boulette’s new five-year contract also gives him an $800,000 base salary with automatic 10% annual increases, continued bonus eligibility, and severance protections. The broader context suggests the milestones could be linked to Eva Live’s expansion plans, such as scaling its AI advertising business, completing acquisitions like the proposed Psquared deal, or building out newer initiatives under Eva Defense in defense and cybersecurity. But that is inference, not disclosure. Unless Eva Live later amends its filing or provides the underlying employment agreement with more detail, investors cannot determine the exact targets Boulette must hit to unlock the full equity package.

3 articles · Updated · TradingView · Aug 20

Eva signed a new five-year employment agreement with CEO David Boulette on Aug. 17, replacing his prior contract and adding equity and severance protections.
The deal sets an $800,000 base salary with automatic 10% annual increases, while keeping Boulette eligible for annual bonuses and other incentives.
Up to 1,000,000 Series A preferred shares will vest against multi-year performance milestones; those shares are convertible into common stock at a 1-for-150 ratio.
The company did not disclose why it reset the contract, but the filing locks in Boulette's compensation and retention terms for the next five years.