secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001019056-21-000626
Event type: leadership
Sentiment:  positive
Materiality: 0.30
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical appoints Steven Felsher and Philip Sheibley to Board of Directors
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- Effective November 29, 2021, appointed Steven Felsher and Philip Sheibley as independent directors.
- Each director received an initial option to purchase 50,000 shares, vesting ratably over three years.
- Annual compensation: $30,000 retainer plus $100,000 equity award, payable quarterly in cash or stock.
- Felsher brings finance and governance experience; Sheibley brings life sciences and venture capital expertise.
- No family relationships or related party transactions exceeding $120,000 involving the appointees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000101905621000626/0001019056-21-000626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000101905621000626/modular_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-21-000626

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