secwatch.observer — SEC 8-K summary
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Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K/A
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0000950170-22-019820
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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- Michael Elbaz appointed CFO and Secretary, replacing Jacob Suen as principal financial and accounting officer.
- Inducement plan shares increased from 300,000 to 700,000 for equity awards.
- Elbaz receives base salary of $315,000, target bonus 60%, and sign-on bonus up to $220,000 in stock.
- Equity grant: 86,978 stock options, 46,974 RSUs, and 17,448 target PSUs; all vest over 4 years.
- Severance includes 12 months base salary plus prorated target bonus on termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022019820/0000950170-22-019820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022019820/airg-20221017.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019820

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