---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-099324"
form_type: "8-K"
ticker: "ISSC"
cik: "0000836690"
company_name: "INNOVATIVE SOLUTIONS & SUPPORT INC"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:22:04.448168+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ISSC amends CEO severance: 12 months base pay or 2x salary plus bonus on change of control

## Summary
- CEO Shahram Askarpour gets 12 months base salary + COBRA if terminated without cause or for good reason outside a change of control.
- On a change of control (6 months before to 2 years after), severance rises to 2x (base salary + max bonus), immediate equity vesting, extended option exercise, and 18 months health coverage.
- Good reason definition includes material reduction in title/duties, pay cut, relocation >25 miles, or successor not assuming obligations.
- Amendment applies a 30-day notice and cure period before resignation for good reason is effective.
- Non-compete valuation may reduce excise tax risk under Code Sections 280G and 4999.

## SEC filing metadata
- accession: 0001104659-24-099324
- form_type: 8-K
- ticker: ISSC
- cik: 0000836690
- company_name: INNOVATIVE SOLUTIONS & SUPPORT INC
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/836690/000110465924099324/0001104659-24-099324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836690/000110465924099324/tm2423912d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-099324
- JSON: https://secwatch.observer/filing/0001104659-24-099324.json
- Plain text: https://secwatch.observer/filing/0001104659-24-099324.txt

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