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[8-K] Snail, Inc. Reports Material Event

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Snail, Inc. (SNAL) disclosed executive compensation updates. On October 10, 2025, its subsidiary Snail Games USA, Inc. amended agreements for three executives to raise annual base salaries, effective October 6, 2025.

New base salaries: Hai Shi (Founder, CEO, Chief Strategy Officer and Chairman) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Director of Business Development and Operations) $330,000. The amendments are filed as Exhibits 10.1, 10.2 and 10.3.

Snail, Inc. (SNAL) ha comunicato aggiornamenti sulla retribuzione esecutiva. Il 10 ottobre 2025, la sua controllata Snail Games USA, Inc. ha modificato gli accordi per tre dirigenti al fine di aumentare gli stipendi base annuali, con effetto dal 6 ottobre 2025.

Nuovi stipendi base: Hai Shi (Fondatore, CEO, Chief Strategy Officer e Presidente) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Direttore dello Sviluppo e delle Operazioni) $330,000. Le modifiche sono depositate come Allegati 10.1, 10.2 e 10.3.

Snail, Inc. (SNAL) divulgó actualizaciones de compensación ejecutiva. El 10 de octubre de 2025, su subsidiaria Snail Games USA, Inc. enmendó acuerdos para tres ejecutivos para aumentar los salarios base anuales, con efecto a partir del 6 de octubre de 2025.

Nuevos salarios base: Hai Shi (Fundador, CEO, Director de Estrategia y Presidente) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Director de Desarrollo de Negocios y Operaciones) $330,000. Las enmiendas se presentan como los Anexos 10.1, 10.2 y 10.3.

Snail, Inc. (SNAL) 임원 보상 업데이트를 공개했습니다. 2025년 10월 10일, 그 자회사 Snail Games USA, Inc.는 2025년 10월 6일부터 효력이 발행되는 3명의 임원에 대한 계약을 수정해 연간 기본급을 인상하였습니다.

새로운 기본급: Hai Shi(창립자, CEO, 최고전략책임자 및 의장) $440,000; Heidy Chow(CFO) $418,000; Peter Kang(SVP, 사업개발 및 운영 책임자) $330,000. 수정사항은 Exhibits 10.1, 10.2 및 10.3으로 제출됩니다.

Snail, Inc. (SNAL) a dévoilé des mises à jour de la rémunération des dirigeants. Le 10 octobre 2025, sa filiale Snail Games USA, Inc. a modifié les accords de trois cadres pour augmenter les salaires de base annuels, effective à partir du 6 octobre 2025.

Nouveaux salaires de base: Hai Shi (Fondateur, PDG, Directeur de la stratégie et Président) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Directeur du Développement des Affaires et des Opérations) $330,000. Les amendements sont déposés comme Exhibits 10.1, 10.2 et 10.3.

Snail, Inc. (SNAL) hat Aktualisierungen der Vergütung von Führungskräften bekannt gegeben. Am 10. Oktober 2025 hat seine Tochtergesellschaft Snail Games USA, Inc. die Vereinbarungen für drei Führungskräfte geändert, um die jährlichen Grundgehälter mit Wirkung zum 6. Oktober 2025 zu erhöhen.

Neue Grundgehälter: Hai Shi (Gründer, CEO, Chief Strategy Officer und Vorsitzender) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Director of Business Development and Operations) $330,000. Die Änderungen sind als Exhibits 10.1, 10.2 und 10.3 eingereicht.

Snail, Inc. (SNAL) كشفت عن تحديثات في تعويضات التنفيذيين. في 10 أكتوبر 2025، عدلت الشركة التابعة Snail Games USA, Inc. الاتفاقات لثلاثة من التنفيذيين لرفع الرواتب الأساسية السنوية، ساري المفعول اعتباراً من 6 أكتوبر 2025.

الرواتب الأساسية الجديدة: Hai Shi (المؤسس، الرئيس التنفيذي، كبير مسؤولي الإستراتيجية ورئيس المجلس) $440,000؛ Heidy Chow (CFO) $418,000; Peter Kang (SVP، مدير تطوير الأعمال والعمليات) $330,000. التعديلات مُقدمة كـ Exhibits 10.1 و10.2 و10.3.

Snail, Inc. (SNAL) 披露了高管薪酬更新。于 2025 年 10 月 10 日,其子公司 Snail Games USA, Inc. 修改了三名高管的协议,使年度基本工资自 2025 年 10 月 6 日起生效。

新基本薪资: Hai Shi(创始人、CEO、首席战略官兼董事长) $440,000; Heidy Chow(CFO) $418,000; Peter Kang(SVP,业务开发与运营总监) $330,000。修改案作为 Exhibits 10.1、10.2 和 10.3 提交。

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Snail, Inc. (SNAL) ha comunicato aggiornamenti sulla retribuzione esecutiva. Il 10 ottobre 2025, la sua controllata Snail Games USA, Inc. ha modificato gli accordi per tre dirigenti al fine di aumentare gli stipendi base annuali, con effetto dal 6 ottobre 2025.

Nuovi stipendi base: Hai Shi (Fondatore, CEO, Chief Strategy Officer e Presidente) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Direttore dello Sviluppo e delle Operazioni) $330,000. Le modifiche sono depositate come Allegati 10.1, 10.2 e 10.3.

Snail, Inc. (SNAL) divulgó actualizaciones de compensación ejecutiva. El 10 de octubre de 2025, su subsidiaria Snail Games USA, Inc. enmendó acuerdos para tres ejecutivos para aumentar los salarios base anuales, con efecto a partir del 6 de octubre de 2025.

Nuevos salarios base: Hai Shi (Fundador, CEO, Director de Estrategia y Presidente) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Director de Desarrollo de Negocios y Operaciones) $330,000. Las enmiendas se presentan como los Anexos 10.1, 10.2 y 10.3.

Snail, Inc. (SNAL) 임원 보상 업데이트를 공개했습니다. 2025년 10월 10일, 그 자회사 Snail Games USA, Inc.는 2025년 10월 6일부터 효력이 발행되는 3명의 임원에 대한 계약을 수정해 연간 기본급을 인상하였습니다.

새로운 기본급: Hai Shi(창립자, CEO, 최고전략책임자 및 의장) $440,000; Heidy Chow(CFO) $418,000; Peter Kang(SVP, 사업개발 및 운영 책임자) $330,000. 수정사항은 Exhibits 10.1, 10.2 및 10.3으로 제출됩니다.

Snail, Inc. (SNAL) a dévoilé des mises à jour de la rémunération des dirigeants. Le 10 octobre 2025, sa filiale Snail Games USA, Inc. a modifié les accords de trois cadres pour augmenter les salaires de base annuels, effective à partir du 6 octobre 2025.

Nouveaux salaires de base: Hai Shi (Fondateur, PDG, Directeur de la stratégie et Président) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Directeur du Développement des Affaires et des Opérations) $330,000. Les amendements sont déposés comme Exhibits 10.1, 10.2 et 10.3.

Snail, Inc. (SNAL) hat Aktualisierungen der Vergütung von Führungskräften bekannt gegeben. Am 10. Oktober 2025 hat seine Tochtergesellschaft Snail Games USA, Inc. die Vereinbarungen für drei Führungskräfte geändert, um die jährlichen Grundgehälter mit Wirkung zum 6. Oktober 2025 zu erhöhen.

Neue Grundgehälter: Hai Shi (Gründer, CEO, Chief Strategy Officer und Vorsitzender) $440,000; Heidy Chow (CFO) $418,000; Peter Kang (SVP, Director of Business Development and Operations) $330,000. Die Änderungen sind als Exhibits 10.1, 10.2 und 10.3 eingereicht.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 10, 2025

 

Snail, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41556   88-4146991

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

 

12049 Jefferson Blvd

Culver City, CA 90230

(Address of principal executive offices) (Zip Code)

 

+1 (310) 988-0643

(Registrant’s telephone number, including area code)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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
Class A Common Stock, $0.0001 par value per share   SNAL   The Nasdaq Stock Market LLC

 

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.

 

On October 10, 2025, Snail Games USA, Inc., a California corporation (“Snail Games”), and a wholly owned subsidiary of Snail, Inc. (“Snail” and together with Snail Game, the “Company”), entered into amendments to offer letters previously entered into with (i) Hai Shi, the Company’s Founder, Chief Executive Officer, Chief Strategy Officer and Chairman of the Board of Directors (“Amendment No. 1 to Shi Offer Letter”), and (ii) Heidy Chow, the Company’s Chief Financial Officer (“Amendment No. 1 to Chow Offer Letter”), and an amendment to the employment agreement, as amended, entered into with Peter Kang, the Company’s Senior Vice President, Director of Business Development and Operations (“Amendment No. 2 to Kang Employment Agreement”). The principal purpose of these amendments was to increase, effective October 6, 2025, the annual base salaries to be paid to each of Mr. Shi, Ms. Chow and Mr. Kang as follows: $440,000, $418,000 and $330,000, respectively.

 

The foregoing description of Amendment No. 1 to Shi Offer Letter, Amendment No. 1 to Chow Offer Letter and Amendment No. 2 to Kang Employment Agreement is not complete and is qualified in its entirety by reference to the full text of such amendments to the offer letters and the employment agreement, copies of which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit No.   Description

10.1

  Amendment No. 1, dated October 10, 2025, to Offer Letter, dated March 27, 2023, entered into by and between Snail Games USA, Inc. and Hai Shi
     

10.2

  Amendment No. 1, dated October 10, 2025, to Offer Letter, dated August 18, 2020, entered into by and between Snail Games USA, Inc. and Heidy Chow
     

10.3

  Amendment No. 2, dated October 10, 2025, to Employment Agreement, dated as of December 10, 2012, as amended, effective December 1, 2021, entered into by and between Snail Games USA, Inc. and Peter Kang
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

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

 

  SNAIL, INC.
     
Date: October 14, 2025 By: /s/ Hai Shi
  Name: Hai Shi
  Title: Founder, Chief Executive Officer, Chief Strategy Officer and Chairman of the Board of Directors

 

 

 

FAQ

What did Snail (SNAL) announce regarding executive pay?

The company amended agreements to increase annual base salaries for three executives, effective October 6, 2025.

What is CEO Hai Shi’s new base salary at SNAL?

Hai Shi’s annual base salary was set at $440,000.

What is CFO Heidy Chow’s new base salary at SNAL?

Heidy Chow’s annual base salary was set at $418,000.

What is Peter Kang’s new base salary at SNAL?

Peter Kang’s annual base salary was set at $330,000.

When do the SNAL executive salary increases take effect?

The increases are effective October 6, 2025.

Where can I find the detailed amendments for SNAL’s executives?

They are filed as Exhibits 10.1, 10.2, and 10.3.

Which executives at SNAL are covered by these amendments?

The amendments cover Hai Shi, Heidy Chow, and Peter Kang.
Snail, Inc.

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37.98M
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Electronic Gaming & Multimedia
Services-prepackaged Software
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United States
CULVER CITY