secwatch.observer — SEC 8-K summary
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Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0000950170-22-019614
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022019614/0000950170-22-019614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022019614/airg-20221017.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019614

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