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

Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001104659-21-094559
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everspin formalizes employment terms for CTO Sanjeev Aggarwal and Interim CFO Anuj Aggarwal
--------------------------------------------------------------------------------

- Sanjeev Aggarwal to continue as CTO/VP Technology at $276K base salary, eligible for bonus up to 50%.
- Anuj Aggarwal to continue as Interim CFO at $210K base salary, eligible for bonus up to 50%.
- Severance includes 12 months base salary continuation, COBRA premiums, and accelerated equity vesting.
- Agreements effective April 3, 2021 (Sanjeev) and July 2, 2021 (Anuj); supersede prior offer letters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000110465921094559/0001104659-21-094559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000110465921094559/tm2122756d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-094559

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