secwatch.observer — SEC 8-K summary
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Issuer:     NOCOPI TECHNOLOGIES INC/MD/ (NNUP)
CIK:        0000888981
Form:       8-K
Filed at:   2026-10-02T20:17:21+00:00
Accession:  0001079973-26-001316
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nocopi COO Terry Stovold resigns effective Oct 1, 2026; stays as non-executive through July 1, 2029
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- Terry Stovold resigned as Nocopi Technologies COO effective October 1, 2026, per a September 30, 2026 letter agreement.
- He will remain a non-executive employee from October 2, 2026 through July 1, 2029, receiving $8,000 per month plus medical and dental benefits.
- At transition end, Stovold is entitled to a $90,000 lump sum, conditioned on a general release; if terminated without Cause, he still gets it.
- Non-compete and non-solicit obligations are extended to two years from July 1, 2029, or earlier termination; the 2011 employment agreement otherwise remains in effect.
- Nocopi's board expects to fill the COO vacancy but has not appointed a successor; CEO Matthew C. Winger signed the filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888981/000107997326001316/0001079973-26-001316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888981/000107997326001316/nnup_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-001316

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