secwatch.observer — SEC 8-K summary
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Issuer:     META MATERIALS INC. (—)
CIK:        0001431959
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0000950170-23-053582
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meta Materials ousts CEO Palikaras, names Jim Fusaro as CEO; RSU grant of 2% of shares
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- Board removed George Palikaras as President and CEO effective Oct 10, 2023.
- Appointed Jim Fusaro as CEO and director; Fusaro previously CEO of Array Technologies.
- Fusaro receives $500k base salary, target bonus of 100% of base, prorated for 2023.
- Fusaro granted RSUs representing 2% of outstanding common stock, vesting 25% annually over 4 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431959/000095017023053582/0000950170-23-053582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431959/000095017023053582/mmat-20231010.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053582

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