Invech Holdings names new CEO, updates bylaws
Invech Holdings, Inc. entered into an employment agreement with Alexander M. Woods‑Leo to serve as Chief Executive Officer effective March 27, 2026.
Rhea-AI Filing Summary
Invech Holdings, Inc. entered into an employment agreement with Alexander M. Woods‑Leo to serve as Chief Executive Officer effective March 27, 2026. The agreement provides an annual salary of $120,000 plus a 5% commission on gross sales up to $150,000, and is on an at‑will basis, meaning either party may terminate it at any time.
On the same date, the board and majority shareholder approved amended and restated bylaws, which became effective immediately. The full bylaws and the CEO’s employment agreement are included as exhibits to this report.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 5.03, 9.01
3 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 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CEO base salary: $120,000 per year
Sales commission rate: 5% of gross sales
Commission sales cap: $150,000 gross sales
+1 more
4 metrics
CEO base salary
$120,000 per year
Annual salary for Alexander M. Woods-Leo under employment agreement
Sales commission rate
5% of gross sales
Commission on gross sales up to $150,000 for CEO
Commission sales cap
$150,000 gross sales
Upper limit on sales base used to calculate 5% commission
Effective date of actions
March 27, 2026
Date of CEO agreement and approval of amended and restated bylaws
Key Terms
Material Definitive Agreement, at-will, amended and restated bylaws, gross sales, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
at-will financial
"The term of the Employment Agreement is “at-will” and may be terminated"
amended and restated bylaws regulatory
"approved amended and restated bylaws of the Company (the “Bylaws”), effective immediately."
A company’s amended and restated bylaws are its internal rulebook rewritten to include all changes in one updated document, replacing the old bylaws. For investors, this matters because the bylaws set how the board, shareholders and officers make decisions, hold votes and handle disputes; a new consolidated version can change voting rights, control mechanisms or procedures that affect corporate governance and the value or risk of an investment.
gross sales financial
"plus a five percent (5%) commission on gross sales up to $150,000."
Emerging growth company regulatory
"Emerging growth company Item 1.01 Entry into a Material Definitive Agreement."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive change did Invech Holdings (IVHI) disclose in this 8-K?
Invech Holdings appointed Alexander M. Woods-Leo as Chief Executive Officer under a new employment agreement. The deal sets his pay terms, commission structure, and at-will status, formalizing his leadership role with clearly defined compensation and responsibilities.
What are the key compensation terms for the Invech Holdings (IVHI) CEO?
The CEO’s employment agreement provides a base salary of $120,000 per year plus a 5% commission on gross sales up to $150,000. The arrangement is at-will, so either the company or the executive can terminate it at any time.
Did Invech Holdings (IVHI) change its bylaws in this filing?
Yes. The board of directors and majority shareholder approved amended and restated bylaws for Invech Holdings, effective immediately on March 27, 2026. A complete copy of the updated bylaws is attached as Exhibit 3.1 to the current report.
What exhibits are attached to the Invech Holdings (IVHI) 8-K?
The filing includes amended and restated bylaws as Exhibit 3.1 and the employment agreement with CEO Alexander M. Woods-Leo as Exhibit 10.1. It also includes the cover page interactive data file identified as Exhibit 104 within the Inline XBRL package.
Is the Invech Holdings (IVHI) CEO employment agreement long term or at-will?
The employment agreement is explicitly at-will, meaning there is no fixed term. Either Invech Holdings or Alexander M. Woods-Leo may terminate the relationship at any time, giving both sides flexibility rather than a multi-year contractual commitment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
