Summary by Moomoo AI
AgriFORCE Growing Systems, Ltd., a company listed on the Nasdaq Capital Market under the trading symbol AGRI, filed a Form 8-K with the United States Securities and Exchange Commission on February 24, 2024. The report, which is a standard requirement for publicly traded companies to announce significant events, detailed changes to the compensation structure for the company's Board of Directors. The new compensation includes a $65,000 annual base salary, additional stipends for sitting on various board committees, and specific stipends for committee chairs, aligning with industry standards. The executive committee members will receive a $35,000 stipend, while the Audit Committee Chair will get a $10,000 stipend, and the chairs of the Compensation, M&A, and Nominating and Governance Committees will each receive a $5,000 stipend. The company, identified as an emerging growth company, also included forward-looking statements in the filing, cautioning that actual results may differ from those projected due to various risks and uncertainties.