secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001019056-22-000236
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical CEO resigns; largest shareholder's Jeb Besser appointed CEO; reaffirms FDA timeline
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- CEO Ellen O'Connor Vos resigned effective Feb 23, 2022; she remains on the board.
- James 'Jeb' Besser appointed CEO; compensation is $1 per year; Besser is managing member of largest shareholder Manchester Management.
- Severance agreement provides Vos $375,000 gross payment; unvested option on 362,452 shares forfeited after May 24, 2022.
- Company reaffirms Q2 2022 timing for MODD1 insulin pump 510(k) submission to FDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000236/0001019056-22-000236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000236/modular_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000236

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer