---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-041222"
form_type: "8-K"
ticker: "MRAM"
cik: "0001438423"
company_name: "EVERSPIN TECHNOLOGIES INC."
filed_at: "2022-04-01T23:59:59+00:00"
generated_at: "2026-06-26T10:31:25.622183+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-041222
- form_type: 8-K
- ticker: MRAM
- cik: 0001438423
- company_name: EVERSPIN TECHNOLOGIES INC.
- filed_at: 2022-04-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438423/000110465922041222/0001104659-22-041222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438423/000110465922041222/tm2210989d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-041222
- JSON: https://secwatch.observer/filing/0001104659-22-041222.json
- Plain text: https://secwatch.observer/filing/0001104659-22-041222.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1438423/000110465922041222/0001104659-22-041222-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.