secwatch.observer — SEC 8-K summary
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Issuer:     ClearSign Technologies Corp (CLIR)
CIK:        0001434524
Form:       8-K
Filed at:   2026-08-11T11:45:37+00:00
Accession:  0001104659-26-093758
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ClearSign appoints former ExxonMobil heat-transfer leader Larry Saddler to board
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- Larry M. Saddler, 76, appointed to fill vacant directorship effective Aug 6, 2026.
- Saddler spent 40+ years at ExxonMobil (NYSE: XOM), retiring in 2021 as Global Technology Sponsor for Heat Transfer.
- Compensation: $60,000 annual cash (or RSUs) plus $40,000 annual non-statutory stock option grants, quarterly.
- Company will make Make-Whole Payments for forfeited/cancelled Covered RSUs from prior employer, tied to continued service.
- Offer letter effective Aug 6, 2026; standard indemnification agreement entered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434524/000110465926093758/0001104659-26-093758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434524/000110465926093758/tm2622777d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-093758

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