Vaso sets $175K incentive for subsidiary president

Rhea-AI Filing Summary

Vaso Corporation approved a new incentive arrangement for Peter Castle, President of its wholly-owned subsidiary VasoTechnology Inc. The agreement ties a potential $175,000 incentive payment to Mr. Castle’s role in helping Vaso achieve specified corporate outcomes related to potential strategic initiatives within a defined time period.

If the objectives laid out in the agreement are not achieved in time, or if Mr. Castle does not remain in compliance with the agreement’s terms, he will not receive any portion of the incentive amount.

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.

Key Figures

Incentive payment: $175,000

1 metrics

Incentive payment $175,000 Contingent award for achieving specified strategic objectives

Key Terms

incentive payment, potential strategic initiatives, wholly-owned subsidiary

3 terms

incentive payment financial

"The agreement provides an opportunity to earn an incentive payment for Mr. Castle’s participation"

potential strategic initiatives financial

"specified corporate outcomes relating to potential strategic initiatives (the “Objectives”)"

wholly-owned subsidiary financial

"President of VasoTechnology Inc., a wholly-owned subsidiary of Vaso"

A wholly-owned subsidiary is a company whose entire ownership is held by another company, called the parent, so the parent controls all shares, board appointments and major decisions. For investors this matters because the subsidiary’s profits, losses, assets and liabilities are treated as part of the parent’s financial picture, affecting valuation and risk exposure — imagine a parent owning a single storefront outright and consolidating its receipts and bills into the parent’s books.

FAQ

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

What executive compensation change did Vaso (VASO) disclose in this 8-K?

Vaso disclosed a new incentive arrangement for Peter Castle, President of VasoTechnology Inc. He can earn a $175,000 incentive payment if specified corporate objectives tied to potential strategic initiatives are achieved within the agreement’s time period and he complies with its terms.

Who is Peter Castle in relation to Vaso Corporation (VASO)?

Peter Castle is the President of VasoTechnology Inc., a wholly-owned subsidiary of Vaso Corporation. The disclosed agreement directly concerns his compensation, linking a potential incentive payment to his participation in helping Vaso achieve certain strategic, outcome-based objectives.

How much can Peter Castle earn under Vaso’s new incentive agreement?

Under the agreement, Peter Castle may earn an incentive payment of $175,000. This payment becomes payable only if specified corporate outcomes related to potential strategic initiatives are achieved within the designated time period and all agreement conditions are satisfied.

What conditions must be met for the $175,000 incentive to be paid at VASO?

For the $175,000 incentive to be paid, Vaso must achieve certain defined corporate outcomes tied to potential strategic initiatives within the agreement’s specified timeframe, and Peter Castle must remain in full compliance with the agreement’s terms throughout.

Does Peter Castle receive any payment from Vaso if the objectives are not met?

If the objectives in the agreement are not achieved within the specified time, or if Peter Castle fails to comply with the agreement, he will not receive any portion of the $175,000 incentive amount. The payment is entirely contingent on these conditions.

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

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/08/2026 - 04:01 PM EDT Learn about SEC filing dates

false 0000839087 0000839087 2026-05-04 2026-05-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): 

May 4, 2026

VASO CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware		0-18105		11-2871434
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

137 Commercial St., Suite 200, Plainview, New York 11803

(Address of Principal Executive Offices and Zip Code)

(516) 997-4600

Registrant’s Telephone Number, Including Area Code  

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on which Registered
None

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 (see General Instruction A.2. below):

☐ Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Exchange Act (17 CFR §240.12b-2).

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(e)

On May 4, 2026, Vaso Corporation (“Vaso”) entered into an agreement with Peter Castle, President of VasoTechnology Inc., a wholly-owned subsidiary of Vaso. The agreement provides an opportunity to earn an incentive payment for Mr. Castle’s participation in helping Vaso achieve specified corporate outcomes relating to potential strategic initiatives (the “Objectives”). If the Objectives are achieved within the time period specified in the agreement, and subject to his continued compliance with the agreement, Mr. Castle will be paid $175,000. Otherwise, he will not receive any portion of the incentive amount.

Item 9.01 Exhibits

Exhibit No.		Description
104		Cover page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

1

SIGNATURE

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: May 8, 2026

	VASO CORPORATION
	By:	/s/ Jun Ma
	Name:	Jun Ma
	Title:	Chief Executive Officer and President

2

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB