secwatch.observer — SEC 8-K summary
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Issuer:     ACCURAY INC (ARAY)
CIK:        0001138723
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000950170-23-000329
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accuray signs consulting agreement with departing CAO Palomba; new exec employment contracts
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- Former CAO Franco Palomba departed Jan 3, 2023; consulting agreement at $375/hr through Mar 10, 2023.
- New 3-year employment agreements for CEO Winter, CFO Pervaiz, GC Chew, and Global Ops VP Hoge effective Jan 1, 2023.
- CEO salary $650k, target bonus 100%; CFO $427.5k/70%; GC $457.6k/60%; Ops $400.4k/60%.
- Severance: non-CIC 12 months base; CIC 24 months base + 200% target bonus + full equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138723/000095017023000329/0000950170-23-000329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138723/000095017023000329/aray-20230101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000329

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