secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001019056-22-000516
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical amends director comp plan; sets $10 floor for equity grants
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- Outside directors get $25k annual retainer for board service; $25k for chair; $5k for committee chair.
- Annual equity award of $100k per director, paid quarterly in options or shares at director election.
- Equity grants priced using $10 floor if penultimate quarter closing price is below $10.
- Amended plan approved July 19, 2022; replaces original plan from May 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000516/0001019056-22-000516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000516/modular_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000516

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