Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements with Certain
Officers.
On April 23, 2023, the Board of Directors (the "Board") of Healthier Choices
Management Corp. ("HCMC") approved the Second Amendment to the 2015 Equity
Incentive Plan (the "Amended Plan"). The Amended Plan increased the number of
shares of HCMC common stock authorized for issuance under the Amended Plan to
225,000,000,000 shares. HCMC's board of directors has approved the issuance of
approximately an additional 107,000,000,000 shares of restricted common stock to
the employees and executive officers of HCMC. Each grant of restricted common
stock will commence vesting of 12.5% of the award on February 1, 2024 and will
vest in 12.5% increments on the last day of each calendar quarter thereafter
through September 30, 2025. The Amended Plan is attached as Exhibit 10.1
Item 9.01 Exhibits
Exhibit No. Name
10.1 Second Amendment to 2015 Equity Incentive Plan
104 Cover Page Interactive Data File (Embedded within the Inline XBRL
document and included in Exhibit)
2
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