secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001104659-23-122740
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi International CIO Radha Chavali to depart by Jan 5, 2024 under separation agreement
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- Radha Chavali, SVP and CIO, mutually agreed to end employment no later than Jan 5, 2024.
- Separation agreement includes six months base salary, three months health plan contributions, and pro rata FY24 bonus.
- Conditions for separation benefits include continued employment through separation date and signing a release.
- Transition period from Nov 30, 2023 to Jan 5, 2024 or earlier termination for cause.
- Ms. Chavali will perform transition duties and is subject to confidentiality and non-disparagement obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000110465923122740/0001104659-23-122740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000110465923122740/tm2331915d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-122740

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