secwatch.observer — SEC 8-K summary
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Issuer:     AEye, Inc. (LIDR)
CIK:        0001818644
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000947871-23-000112
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AEye names Matt Fisch as CEO effective Feb 13, 2023; Blair LaCorte resigns
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- Matthew Fisch appointed CEO and board member effective Feb 13, 2023.
- Fisch receives $500k base salary, $500k sign-on bonus, and 7M RSUs (5M service-based, 2M performance-based).
- Performance-based RSUs vest if LIDR stock closes at $1.20+ for 10 consecutive days before March 1, 2024.
- Outgoing CEO Blair LaCorte resigns effective Feb 13, stays as Senior Advisor through Mar 1, then joins Advisory Board.
- LaCorte receives $50k payment, COBRA through Dec 2023, and acceleration of ~276k RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818644/000094787123000112/0000947871-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818644/000094787123000112/ss1717887_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-23-000112

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