{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-029376","form_type":"8-K","ticker":"MRAM","cik":"0001438423","company_name":"EVERSPIN TECHNOLOGIES INC.","filed_at":"2022-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:06.486655+00:00","generated_at":"2026-06-27T02:22:40.119571+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Everspin reports record Q4 revenue $18.2M, net income $3.7M; appoints Sanjeev Aggarwal as CEO","bullets":["Q4 2021 revenue $18.2M (up 82% YoY), GAAP net income $3.7M ($0.19 EPS) vs loss $1.6M in Q4 2020.","Full year 2021 revenue $55.1M (up 31% YoY), net income $4.3M, adjusted EBITDA $9.6M, cash $21.4M.","Q1 2022 guidance: revenue $13.4-14.2M, GAAP net loss per share ($0.03)-$0.00 due to development costs and supply constraints.","Sanjeev Aggarwal named President and CEO effective March 14, 2022; replaces interim CEO Darin Billerbeck who remains Executive Chairman.","CFO Anuj Aggarwal gets base salary increase to $330k, annual bonus target 65%, and equity grants including 57,000 RSUs."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-029376","json":"https://secwatch.observer/filing/0001104659-22-029376.json","markdown":"https://secwatch.observer/filing/0001104659-22-029376.md","text":"https://secwatch.observer/filing/0001104659-22-029376.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/tm228006d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T02:22:40.119571+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04bfc3ec61","claim":"Sanjeev Aggarwal was appointed as President and Chief Executive Officer at EVERSPIN TECHNOLOGIES INC..","evidence_excerpt":"On February 28, 2022, the Company’s Board of Directors (the “Board”) appointed Sanjeev Aggarwal as the Company’s President and Chief Executive Officer, effective March 14, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"26942e649d","claim":"Sanjeev Aggarwal was elected as Director at EVERSPIN TECHNOLOGIES INC..","evidence_excerpt":"On February 28, 2022, the Board also elected Mr. S. Aggarwal as a member of the Board, effective March 14, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3df330cfdd","claim":"Darin Billerbeck resigned as Interim Chief Executive Officer at EVERSPIN TECHNOLOGIES INC..","evidence_excerpt":"Effective March 14, 2022, Mr. Billerbeck will resign as the Company’s Interim Chief Executive Officer and will continue to serve as the Company’s Executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000110465922029376/0001104659-22-029376-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}