Everspin Technologies elects Tara Long and Glen Hawk to Board; Michael Gustafson to not seek re-election

EVERSPIN TECHNOLOGIES INC.

Tara Long and Glen Hawk appointed to Board effective March 28, 2022.
Long joins Audit, Nominating/Corporate Governance, and Compensation Committees; Hawk joins Audit and Compensation.
Each receives initial RSU award of $250,000 vesting 50% on first and second anniversaries.
Annual cash retainer of $55,000 and annual RSU grant of $125,000 (starting 2023).
Michael Gustafson will not stand for re-election at May 25, 2022 annual meeting; no disagreement with company.

item 5.02

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Departed

Michael B. Gustafson

member of the Board

MRAM · EVERSPIN TECHNOLOGIES INC.

Effective: 2022-05-25
Filed: April 1, 2022, 7:59 PM ET

Michael B. Gustafson informed the Company of his decision not to stand for re-election to the Board at the Company's 2022 annual meeting of stockholders currently expected to be scheduled for May 25, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael B. Gustafson departed as member of the Board at EVERSPIN TECHNOLOGIES INC..

Action: not to stand for re-election
Role: member of the Board

Exact text from the filing

Michael B. Gustafson informed the Company of his decision not to stand for re-election to the Board at the Company's 2022 annual meeting of stockholders currently expected to be scheduled for May 25, 2022.

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EVERSPIN TECHNOLOGIES INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-041222

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