secwatch.observer — SEC 8-K summary
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Issuer:     SIGMATRON INTERNATIONAL INC (—)
CIK:        0000915358
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0000915358-25-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SigmaTron enters separation agreement with departing EVP Upadhyaya; $125K cash, option vest
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- Rajesh Upadhyaya resigned as EVP, West Coast Operations effective April 30, 2025; resignation not related to operations.
- Separation agreement includes $125,000 cash payable in equal installments over 12 months.
- Company pays COBRA premiums for 12 months; unvested stock options from July 2023 grant fully vest.
- Upadhyaya retains company vehicle (2021 BMW, FMV $25,000), cell phone, and laptop.
- Agreement includes 5-year non-disparagement and confidentiality covenants; ADEA waiver with 21-day review and 7-day revocation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915358/000091535825000012/0000915358-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915358/000091535825000012/sgma-20250522x8k.htm
  HTML page:      https://secwatch.observer/filing/0000915358-25-000012

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