secwatch.observer — SEC 8-K summary
======================================

Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001019056-22-000518
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical appoints Kevin Schmid as COO; $250K salary, 175K share option
-----------------------------------------------------------------------------

- Kevin Schmid appointed COO on July 21, 2022, effective immediately.
- Annual salary $250,000 with discretionary target bonus up to 50% of base salary.
- Granted option for 175,000 shares vesting over 3 years; 1/3 at one year, then monthly.
- Severance: six months salary if terminated without cause. Previously VP at Insulet, CEO at Common Sensing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000518/0001019056-22-000518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000101905622000518/modular_8k.htm
  HTML page:      https://secwatch.observer/filing/0001019056-22-000518

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