other_material
confidence high
sentiment neutral
materiality 0.40
Sono-Tek replaces executive change-of-control agreements; adds COO agreement
SONO TEK CORP
- Terminated prior executive agreements with CEO Harshbarger, Exec Chairman Coccio, and CFO Bagley.
- New agreements expand 'Resignation for Good Reason' definition, adding a one-year post-change-of-control window to resign and collect severance.
- Severance unchanged: lump sum of 2x base salary plus prior two years bonus/commission upon termination without cause or resignation for good reason.
- Entered into first executive agreement with COO Christopher Cichetti.
- All agreements executed November 5, 2025, effective immediately.
item 1.01item 1.02item 9.01