Executive pay changes at PMGC Holdings (NASDAQ: ELAB) detailed
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
PMGC Holdings Inc. amended consulting agreements with entities owned by its top leaders, setting new annual fees for 2026. GB Capital Ltd, wholly owned by CEO, CFO and Director Graydon Bensler, will receive an annual consultant fee of $300,000 starting January 1, 2026.
Northstrive Companies Inc., wholly owned by Chairman Braeden Lichti, will receive an annual consultant fee of $360,000 beginning January 1, 2026. All other terms of the existing consulting agreements remain in effect, and the amendments are filed as exhibits to the report.
Positive
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Negative
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8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What executive compensation changes does PMGC Holdings (ELAB) disclose in this 8-K?
PMGC Holdings discloses amended consulting agreements for its CEO and chairman’s service entities. GB Capital Ltd’s annual consultant fee is set at $300,000, and Northstrive Companies Inc.’s fee is $360,000, each effective for the 2026 fiscal year starting January 1, 2026.
Who is GB Capital Ltd in relation to PMGC Holdings (ELAB)?
GB Capital Ltd is a British Columbia corporation wholly owned by Graydon Bensler, PMGC Holdings’ Chief Executive Officer, Chief Financial Officer, and Director. The company pays GB Capital an annual consultant fee of $300,000 for non-employee CEO services under the amended consulting and services agreement.
What is Northstrive Companies Inc.’s role with PMGC Holdings (ELAB)?
Northstrive Companies Inc. is a California corporation wholly owned by Braeden Lichti, the company’s Chairman. Under the amended consulting agreement for the non-employee, non-executive chairman role, Northstrive receives an annual consultant fee of $360,000 beginning January 1, 2026 for the 2026 fiscal year.
When do the new consultant fees at PMGC Holdings (ELAB) take effect?
Both amended consulting agreements specify that, for the 2026 fiscal year, the new annual consultant fees are effective beginning on January 1, 2026. This applies to GB Capital Ltd’s $300,000 annual fee and Northstrive Companies Inc.’s $360,000 annual fee for their respective roles.
Do the amendments change other terms of PMGC Holdings (ELAB) consulting agreements?
The amendments primarily revise Section 1(a) of Exhibit B in each consulting agreement to set the annual fees. The documents state that, except as expressly amended, the underlying GB Capital and Northstrive consulting agreements remain in full force and effect without further modification.
Where can investors find the full text of PMGC Holdings (ELAB) amendments?
The full texts are filed as exhibits to the report. Amendment No. 5 to the GB Capital consulting agreement is Exhibit 10.1, and Amendment No. 5 to the Northstrive consulting agreement is Exhibit 10.2, each incorporated by reference for complete contractual details.