---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-130699"
form_type: "8-K/A"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:26:46.925422+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IRIDEX corrects CEO Bruce's resignation date; details severance and Mercer's CEO comp

## Summary
- David Bruce terminated as CEO Oct 1, resigned board Nov 22, 2024; no disagreement with company policies.
- Separation agreement: $45K lump sum ($20K COBRA, $25K intangibles) plus accelerated vesting of 19,913 RSUs and options for 40,431 shares.
- New CEO Patrick Mercer retains $360K base salary, annual target bonus 65% of base, amended change-in-control severance (150% base salary).

## SEC filing metadata
- accession: 0000950170-24-130699
- form_type: 8-K/A
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000095017024130699/0000950170-24-130699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000095017024130699/irix-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-130699
- JSON: https://secwatch.observer/filing/0000950170-24-130699.json
- Plain text: https://secwatch.observer/filing/0000950170-24-130699.txt

## Key facts
- Executive change
  David Bruce was terminated as Chief Executive Officer at IRIDEX CORP.
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On October 1, 2024, Dave Bruce was terminated as the Company’s Chief Executive Officer and principal executive officer, effective immediately, and on November 22, 2024, Mr. Bruce resigned from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017024130699/0000950170-24-130699-index.htm
- Executive change
  David Bruce resigned as Director at IRIDEX CORP.
  - Action: resigned
  - Role: Director
  source text: on November 22, 2024, Mr. Bruce resigned from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017024130699/0000950170-24-130699-index.htm

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