secwatch.observer — SEC 8-K summary
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Issuer:     TAYLOR DEVICES, INC. (TAYD)
CIK:        0000096536
Form:       8-K
Filed at:   2021-08-13T23:59:59+00:00
Accession:  0000096536-21-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taylor Devices enters CEO employment agreement with Timothy Sopko; base salary $250K
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- CEO Timothy Sopko enters one-year employment agreement with Taylor Devices, effective Aug 9, 2021, automatically renewing annually.
- Base salary set at $250,000 per year, subject to increase by Board discretion.
- Executive eligible for incentive compensation based on company performance as approved by Board.
- Severance includes 12 months base salary and COBRA premium reimbursement if terminated without cause or for good reason.
- Either party may decline renewal with 90 days' notice; non-renewal by company triggers severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96536/000009653621000012/0000096536-21-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96536/000009653621000012/tayd8k20210813.htm
  HTML page:      https://secwatch.observer/filing/0000096536-21-000012

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