Airgain appoints Michael Elbaz as CFO; increases inducement plan shares to 700K

AIRGAIN INC

Appointed Michael Elbaz as CFO and Secretary, effective Oct 17, 2022; replaces Jacob Suen as principal financial officer.
Inducement Plan amended: shares reserved increased from 300,000 to 700,000.
Elbaz receives base salary $315k, target bonus 60%, sign-on bonus up to $220k in stock.
Equity grant: options for 86,978 shares, RSUs 46,974, target PSUs 17,448; all vest over 4 years.
Severance: 12 months salary+prorated bonus if terminated without cause, 18 months COBRA after change of control.

item 5.02

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Appointed

Michael Elbaz

Chief Financial Officer and Secretary

AIRG · AIRGAIN INC

Effective: 2022-10-17
Filed: October 17, 2022, 7:59 PM ET

Appointment of Chief Financial Officer Effective October 17, 2022, the board of directors of the Company appointed Michael Elbaz as the Company’s Chief Financial Officer and Secretary.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Elbaz was appointed as Chief Financial Officer and Secretary at AIRGAIN INC.

Action: appointed
Role: Chief Financial Officer and Secretary

Exact text from the filing

Appointment of Chief Financial Officer Effective October 17, 2022, the board of directors of the Company appointed Michael Elbaz as the Company’s Chief Financial Officer and Secretary.

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Source: SEC EDGAR

accession 0000950170-22-019614

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