secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000912093-23-000052
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VIAVI appoints Ilan Daskal as EVP and CFO effective Nov 7, 2023; compensation details disclosed
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- Ilan Daskal named EVP/CFO effective Nov 7, replacing interim CFO Pamela Avent who returns to Global Controller.
- Base salary $570K; target bonus 100% of base; $500K signing bonus (subject to 12-month clawback).
- New hire equity: $2.25M time-based RSUs + $2.25M performance-based RSUs, 4-year vest.
- FY24 focal awards: $1.25M time-based RSUs + $1.25M performance-based RSUs; FY25 awards of $2.5M additional.
- Severance: 18 months base salary plus healthcare if terminated without cause outside a change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000052/0000912093-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000052/viav-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer