secwatch.observer — SEC 8-K summary
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Issuer:     MYOMO, INC. (MYO)
CIK:        0001369290
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018877
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myomo amends CFO Henry's salary to $260K; CMO Kovelman gets new severance terms
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- CFO David Henry: base salary raised from $221,500 to $260,000; annual incentive cap reduced from 75% to 55% of base.
- CFO Henry: full acceleration of time-based and performance-based stock awards upon change in control with measurement date accelerated.
- CMO Harry Kovelman: severance of 50% salary plus pro-rata bonus upon termination without cause, plus 6-month COBRA and 6-month vesting acceleration.
- Kovelman: termination within 12 months after change in control triggers 9-month payout and immediate full vesting of all stock awards.
- Both amendments effective February 21, 2024; Kovelman's agreement restates prior change-in-control and severance agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1369290/000095017024018877/0000950170-24-018877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1369290/000095017024018877/myo-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018877

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