Safety Shot Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Leadership Update, Financial Statements and Exhibits
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Item 1.01. Entry into a Material Definitive Agreement
On October 3, 2025, Safety Shot, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Markita Russell. The Employment Agreement is retroactively effective as of June 30, 2025. The terms of the Employment Agreement are summarized below in Item 5.02 of this Current Report on Form 8-K.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously reported in the Company’s Current Report on Form 8-K filed on July 31, 2025, on July 30, 2025 the board of directors of the Company appointed Markita Russell to serve as Chief Financial Officer of the Company, effective immediately.
On October 3, 2025, the Company entered into the Employment Agreement with Ms. Russell. The Employment Agreement is retroactively effective as of June 30, 2025 (the “Effective Date”).
Under the terms of the Employment Agreement, for serving as the Company’s Chief Financial Officer, Ms. Russell will receive an annual base salary equal to $250,000. Ms. Russell will also be eligible for an annual bonus, which will be evaluated based on performance and company sales goals to be agreed upon by Ms. Russell and her direct supervisor. In addition, Ms. Russell shall be granted (i) 200,000 options to purchase Company stock with a strike price of $.49 cents, which shall have been fully vested upon the Effective Date, and (ii) within 10 days of the signing of the Employment Agreement, 350,000 retention RSUs with immediate vesting subject to a six (6) month hold beginning on June 30, 2025 on any sales. The Employment Agreement includes typical non-disclosure provisions that the executive must comply with.
The above summary does not purport to be a complete summary of the Employment Agreement and is qualified in its entirety by reference to the full text of the Employment agreement, a copy of which is filed herewith as Exhibit 10.1 and which is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | |
| 10.1 | Employment Agreement, dated October 3, 2025, by and between Markita Russell and the Company | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
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.
Date: October 8, 2025
| SAFETY SHOT, INC. | ||
| By: | /s/ Jarrett Boon | |
| Jarrett Boon | ||
| Chief Executive Officer | ||