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

Issuer:     CapForce Inc. (CFOR)
CIK:        0001293818
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001079973-23-001233
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OpGen cuts exec and director salaries 40% starting Sept 1, 2023
---------------------------------------------------------------

- CEO Oliver Schacht salary reduced from $408K to $244.8K; CFO Albert Weber and COO Johannes Bacher each from $300K to $180K.
- Non-employee director annual cash retainer cut 40%: to $15K per director, $45K for chairman.
- Committee chair retainers reduced to $9K (audit), $7.2K (compensation), $4.5K (other); member retainers also cut.
- Reductions effective Sept 1, 2023 as part of cost management efforts.
- BoD approved director compensation cuts alongside executive salary reductions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1293818/000107997323001233/0001079973-23-001233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1293818/000107997323001233/opgen_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001233

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