secwatch.observer — SEC 8-K summary
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Issuer:     Sphere 3D Corp. (ANY)
CIK:        0001591956
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001062993-24-001082
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sphere 3D enters new employment agreement with CEO Patricia Trompeter; base salary $450k plus RSUs
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- Annual base salary of $450,000; eligible for annual discretionary bonus up to 150% of base salary.
- One-time grant of 1,000,000 RSUs: 25% vested Jan 15, 2024, remaining vest quarterly through Dec 31, 2025.
- Change-of-control benefits scaled to transaction value: 1.5x–2x base salary and bonus, plus accelerated RSU vesting.
- Termination without cause or for good reason: 18 months salary and target bonus continuation, plus COBRA for 12+ months.
- Replaces prior employment agreement dated April 8, 2022; effective January 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591956/000106299324001082/0001062993-24-001082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591956/000106299324001082/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-001082

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