---
schema_version: "secwatch.filing_event.v1"
accession: "0001161697-24-000365"
form_type: "8-K"
ticker: "KRMD"
cik: "0000704440"
company_name: "KORU Medical Systems, Inc."
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:21:02.073424+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# KORU Medical Systems adopts LTIP; grants up to 434,489 PSUs plus RSUs and options to execs

## Summary
- LTIP approved; equity awards granted to CEO Tharby (63,872 RSUs, 127,660 PSUs, 140,950 options) and other named execs.
- PSUs vest based on FY2026 revenue achievement (0%-150% of target) with stock price modifier (0.5x-1.5x); max shares 434,489.
- RSUs and options vest over 4 years; option exercise price $2.33 per share.
- Kenneth Miller (CCO) gets base salary increase to $385,000 and bonus potential up to 60% of base.

## SEC filing metadata
- accession: 0001161697-24-000365
- form_type: 8-K
- ticker: KRMD
- cik: 0000704440
- company_name: KORU Medical Systems, Inc.
- filed_at: 2024-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/704440/000116169724000365/0001161697-24-000365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/704440/000116169724000365/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001161697-24-000365
- JSON: https://secwatch.observer/filing/0001161697-24-000365.json
- Plain text: https://secwatch.observer/filing/0001161697-24-000365.txt

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