---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-064595"
form_type: "8-K"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:30:38.709168+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IRIDEX appoints Patrick Mercer as President; CEO focuses on strategic alternatives

## Summary
- Patrick Mercer appointed President, effective May 22, 2024; remains COO with expanded operational focus.
- CEO David Bruce will concentrate on pursuing strategic alternatives for the company.
- Mercer's base salary increased to $360,000; granted 120,000 RSUs vesting one-third annually over three years.
- RSU award subject to continued employment and IRIDEX's 2008 Equity Incentive Plan.

## SEC filing metadata
- accession: 0000950170-24-064595
- form_type: 8-K
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000095017024064595/0000950170-24-064595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000095017024064595/irix-20240522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-064595
- JSON: https://secwatch.observer/filing/0000950170-24-064595.json
- Plain text: https://secwatch.observer/filing/0000950170-24-064595.txt

## Key facts
- Executive change
  Patrick Mercer was appointed as President at IRIDEX CORP.
  - Action: appointed
  - Role: President
  source text: On May 22, 2024, the board of directors (the “Board”) of IRIDEX Corporation(the “Company”) appointed Patrick Mercer as its President, effective as of such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017024064595/0000950170-24-064595-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.