secwatch.observer — SEC 8-K summary
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Issuer:     KORU Medical Systems, Inc. (KRMD)
CIK:        0000704440
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001161697-24-000365
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704440/000116169724000365/0001161697-24-000365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704440/000116169724000365/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-24-000365

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer