{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-126507","form_type":"8-K","ticker":"IRIX","cik":"0001006045","company_name":"IRIDEX CORP","filed_at":"2024-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.332306+00:00","generated_at":"2026-05-30T00:44:52.602120+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IRIDEX CEO David Bruce terminated; Patrick Mercer takes over as CEO effective Nov 7, 2024","bullets":["David Bruce terminated as CEO Oct 1, 2024, resigned from Board Nov 11, 2024; receives $45K cash and acceleration of 19,913 RSUs and 40,431 options.","Patrick Mercer appointed CEO; retains base salary of $360K, target bonus 65% of base, and new change-in-control severance at 150% of salary.","Kenneth E. Ludlum appointed to Compensation Committee; committee composition updated.","Bruce's separation agreement includes non-disparagement, confidentiality, and release of claims."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-126507","json":"https://secwatch.observer/filing/0000950170-24-126507.json","markdown":"https://secwatch.observer/filing/0000950170-24-126507.md","text":"https://secwatch.observer/filing/0000950170-24-126507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024126507/0000950170-24-126507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024126507/irix-20241107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:44:52.602120+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5bda801c82","claim":"David Bruce resigned as Director at IRIDEX CORP.","evidence_excerpt":"on November 11, 2024, Mr. Bruce resigned from the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024126507/0000950170-24-126507-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6fc4c47693","claim":"David Bruce was terminated as Chief Executive Officer at IRIDEX CORP.","evidence_excerpt":"On October 1, 2024, Dave Bruce was terminated as the Company’s Chief Executive Officer (the “CEO”) and principal executive officer, effective immediately","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024126507/0000950170-24-126507-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}