Dominari Holdings drops exec stock grants, trims board to six members

Dominari Holdings (Nasdaq:DOMH) filed an 8-K reporting two material governance and compensation actions dated June 24–27, 2025.

Rhea-AI Filing Summary

Dominari Holdings (Nasdaq:DOMH) filed an 8-K reporting two material governance and compensation actions dated June 24–27, 2025.

Executive compensation: Amendments to CEO Anthony Hayes and President Kyle Wool employment agreements eliminate future stock grants tied to net-revenue milestones in favor of an additional cash bonus. All other terms remain unchanged.

Board change: Director Soo Yu resigned effective June 27, 2025 for non-dispute reasons and continues as Special Projects Manager. The Board size shrinks from seven to six.

• No financial statements were included.
• Amendments are filed as Exhibits 10.1 & 10.2.

Investors should weigh lower dilution against higher cash outflows and any governance impact from the board reduction.

Positive

• Elimination of future equity grants to the CEO and President reduces potential shareholder dilution.

Negative

• Substituting cash bonuses for equity could raise operating cash outflows if performance targets are met.
• Board size reduced from seven to six after director resignation, potentially lowering independent oversight.

Insights

Compensation Analyst

TL;DR: Equity grants swapped for cash; dilution down, cash cost up.

Converting contingent share awards into cash bonuses removes future dilution, a clear win for per-share metrics. However, it crystallises a cash liability that could pressure liquidity as revenue targets are hit. Without dollar amounts, impact magnitude is unknown, keeping outlook balanced.

Corporate Governance Specialist

TL;DR: Board loses one seat, but no conflict signalled.

Soo Yu’s voluntary exit trims the board to six, slightly reducing diversity and committee bandwidth. Because she remains an employee and the filing states no disagreements, governance risk appears limited. The company should clarify succession plans to avoid prolonged gaps.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Dominari Holdings (DOMH) amend its executive employment agreements on June 24, 2025?

The company removed the right of CEO Anthony Hayes and President Kyle Wool to receive additional stock grants, replacing them with an extra cash bonus tied to net revenues.

Will DOMH issue more shares to its executives after the 8-K amendment?

No. The amendment eliminates further stock grants related to revenue milestones, reducing potential dilution.

Who resigned from Dominari Holdings' board in June 2025?

Director Soo Yu resigned effective June 27, 2025 but remains Special Projects Manager.

How many board members does DOMH have after the June 2025 resignation?

The board size was reduced from seven to six members following Ms. Yu's departure.

Did the 8-K report any disagreements leading to the director's resignation?

No. The filing states Ms. Yu’s resignation was not due to disagreements with the company’s operations or policies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/27/2025 - 04:15 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 24, 2025

Dominari Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-41845		52-0849320
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

725 5^th Avenue, 22^nd Floor

New York, NY 10022

(212) 393-4540

(Address, including Zip Code and Telephone Number, including

Area Code, of Principal Executive Offices)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value		DOMH		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Employment Agreement Amendments

On June 24, 2025, Dominari Holdings Inc. (the “Company”) entered into amendments (collectively, the “Amendments”) to the employment agreements by and between the Company and each of Anthony Hayes, the Company’s Chief Executive Officer, and Kyle Wool, the Company’s President (collectively, the “Employment Agreements”), which became effective on June 24, 2025. The Company and each of Mr. Hayes and Mr. Wool have agreed to eliminate from their respective employment agreement the right to receive further stock grants in consideration for an additional cash bonus related to certain net revenues received by the Company, as further described in the Amendments.

All other terms of the Employment Agreements shall remain in full force and effect.

The foregoing description of the terms of the Amendments does not purport to be complete and is qualified in its entirety by reference to the Amendments, which are filed as Exhibit 10.1 and Exhibit 10.2 hereto and incorporated herein by reference.

Resignation of Soo Yu as a Director

On June 27, 2025, Soo Yu notified the Company of her decision to resign as a member of the Board of Directors (the “Board”) of the Company, effective as of June 27, 2025. Ms. Yu will continue to serve as Special Projects Manager of the Company. Ms. Yu’s resignation is not due to any disagreements with the Company on any of its operations, policies or practices. 

As a result of Ms. Yu’s resignation, the Board has determined to reduce its size from seven to six members.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Amendment to the Employment Agreement with Anthony Hayes, dated June 24, 2025.
10.2		Amendment to the Employment Agreement with Kyle Wool, dated June 24, 2025.
104		Cover Page Interactive Data File (formatted as Inline XBRL)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 27, 2025	DOMINARI HOLDINGS INC.
	By:	/s/ Anthony Hayes
	Name:	Anthony Hayes
	Title:	Chief Executive Officer

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