secwatch.observer — SEC 8-K summary
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Issuer:     DarioHealth Corp. (DRIO)
CIK:        0001533998
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001104659-23-007572
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DarioHealth COO Dror Bacher terminated immediately; advisory role and reduced salary through May 2025
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- COO Dror Bacher terminated effective Jan 23, 2023; retained as advisory board member.
- Monthly salary reduced to 42,137 NIS (~$12,504) from Feb 2023 through May 2025.
- Subject to Compensation Committee approval, 75,000 restricted shares granted, vesting quarterly through Dec 2024.
- Non-compete clause with 12-month post-termination restriction; specific competitors listed (Livongo, Omada, Virta, Vida).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533998/000110465923007572/0001104659-23-007572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533998/000110465923007572/tm234507d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-007572

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