secwatch.observer — SEC 8-K summary
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Issuer:     IEH Corp (IEHC)
CIK:        0000050292
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001104659-24-132756
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IEH Corp enters employment agreement with CEO David Offerman; base salary $491,745, options grant
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- Base salary of $491,745 per annum; eligible for annual bonus up to 100% of base salary.
- Grant of 25,000 immediately vested options at $10.75 per share under 2020 Equity Plan.
- Severance of 36 months base salary plus 24 months health benefits if terminated without cause or for good reason.
- Term from Jan 1, 2025 to Dec 31, 2029; includes non-compete and non-solicitation obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50292/000110465924132756/0001104659-24-132756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50292/000110465924132756/tm2432343d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-132756

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