secwatch.observer — SEC 8-K summary
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Issuer:     Simulations Plus, Inc. (SLP)
CIK:        0001023459
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001023459-23-000128
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simulations Plus enters amended employment agreements with five top executives
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- CEO Shawn O'Connor: base salary $514,800, target cash bonus 75% of base (up to $75K discretionary plus 7,500 extra options).
- CFO Will Frederick: base salary $337,500, target cash bonus 35% of base, target 20,000 stock options.
- Presidents Howell, DiBella, Fiedler-Kelly: base salaries $274.6K/$337.5K/$314.6K; target cash bonus 25% of base, target 15,000 options each.
- Severance for all: 12 months base salary (or greater of 12 months/remainder for presidents) plus COBRA for termination without cause.
- Agreements effective Nov 1, 2023 (CEO retro to Sept 1, 2023); replace prior agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023459/000102345923000128/0001023459-23-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023459/000102345923000128/slp-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001023459-23-000128

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