secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001104659-22-041222
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000110465922041222/0001104659-22-041222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000110465922041222/tm2210989d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-041222

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