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AI brief of an SEC Form 8-K · Cheer Holding, Inc. (CHR)

Glory Star grants restricted shares to CEO, CFO and executives under 2019 equity plan

Neutral Impact 2 of 5 leadership Written later

Glory Star New Media Group Holdings Limited reported that on May 29, 2020 its Compensation Committee approved restricted share grants to four executives and key employees, including Chairman and CEO Bing Zhang (760,000 shares) and CFO Ian Lee (45,000 shares). Half of each award vests immediately on the grant date and half 90 days later, subject to continued employment, and unvested shares are forfeited. The same day, the board amended the 2019 Equity Incentive Plan to clarify that its definition of subsidiary includes the company's variable interest entities.

Key points

  • May 29, 2020: Compensation Committee approved restricted share grants under the 2019 Equity Incentive Plan.
  • Bing Zhang, Chairman and CEO: 760,000 shares; Jia Lu, Director and SVP: 230,000; Ian Lee, CFO: 45,000; Ran Zhang, VP: 10,000.
  • Vesting: 50% on the grant date and 50% 90 days after grant, subject to continued employment.
  • May 29, 2020: Board approved Amendment No. 1 to the plan, clarifying that subsidiary includes variable interest entities.

The filing

CompanyCheer Holding, Inc. (CHR)
Form8-K, current report
Filed with the SECJun 1, 2020, 4:04 PM ET
Accession number0001213900-20-013810

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2020.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.