---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-102825"
form_type: "8-K"
ticker: "ASPN"
cik: "0001145986"
company_name: "ASPEN AEROGELS INC"
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:34:12.781064+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CEO Donald Young signs new three-year employment agreement through Aug 2027

## Summary
- Base salary remains $515,000; annual cash bonus target is at least 110% of base.
- Severance on qualifying termination: 2x salary + bonus target, full equity acceleration, 24 months of COBRA.
- Non-compete for one year post-termination with payment of 50% of highest base salary.
- Agreement replaces prior pact expiring Dec 31, 2024; term runs to Aug 30, 2027 with auto-renewal.

## SEC filing metadata
- accession: 0000950170-24-102825
- form_type: 8-K
- ticker: ASPN
- cik: 0001145986
- company_name: ASPEN AEROGELS INC
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145986/000095017024102825/0000950170-24-102825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145986/000095017024102825/aspn-20240830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-102825
- JSON: https://secwatch.observer/filing/0000950170-24-102825.json
- Plain text: https://secwatch.observer/filing/0000950170-24-102825.txt

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