secwatch.observer — SEC 8-K summary
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Issuer:     CalAmp Corp. (—)
CIK:        0000730255
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0000950170-24-002665
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CalAmp appoints Chris Adams as President, CEO; salary $535.6K, 1.5M RSUs
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- Chris Adams (ex-onsemi VP/GM) becomes President & CEO effective Jan 22, 2024; Jason Cohenour returns to board.
- Annual base salary of $535,600; target annual incentive of 100% of base salary.
- Receives 750,000 time-vesting RSUs and 750,000 performance-vesting RSUs on Feb 5, 2024.
- Up to $50,000 relocation reimbursement and $5,000/month commuting for 12 months.
- Severance: 12 months base salary without cause; 24 months plus double target bonus on change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730255/000095017024002665/0000950170-24-002665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730255/000095017024002665/camp-20240103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-002665

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