---
schema_version: "secwatch.filing_event.v1"
accession: "0001039399-22-000070"
form_type: "8-K"
ticker: "FORM"
cik: "0001039399"
company_name: "FORMFACTOR INC"
filed_at: "2022-07-26T23:59:59+00:00"
generated_at: "2026-06-24T08:31:51.061258+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# FormFactor approves new severance agreements for execs and CEO with auto-renewal and expanded trigger period

## Summary
- Compensation Committee approved new Change of Control Severance Agreements on July 19, 2022.
- Agreements automatically renew annually unless Company gives 90 days notice before renewal date.
- Benefits now triggered by involuntary termination within 90 days prior to change of control (previously only 12 months after).
- CEO Mike Slessor's agreement: upon involuntary termination or resignation for good reason, receives full annual target bonus instead of pro-rated.
- CFO Shai Shahar and other executives entered into the new agreements; prior agreements superseded.

## SEC filing metadata
- accession: 0001039399-22-000070
- form_type: 8-K
- ticker: FORM
- cik: 0001039399
- company_name: FORMFACTOR INC
- filed_at: 2022-07-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039399/000103939922000070/0001039399-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039399/000103939922000070/form-20220719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039399-22-000070
- JSON: https://secwatch.observer/filing/0001039399-22-000070.json
- Plain text: https://secwatch.observer/filing/0001039399-22-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.