secwatch.observer — SEC 8-K summary
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Issuer:     PSYCHEMEDICS CORP (PMDI)
CIK:        0000806517
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001171843-22-000764
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Psychemedics approves 2022 cash bonus plan for execs; up to 25% of base salary
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- Bonus up to 25% of base salary based on domestic sales plan (7.5%), EPS target (7.5%), and individual goals (10%).
- Participants include CEO, Executive VP, VP Lab Ops, and VP Controller.
- CEO will assess other execs' individual goals; Compensation Committee determines final payouts.
- Committee reserves right to amend or terminate bonus arrangements at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806517/000117184322000764/0001171843-22-000764-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806517/000117184322000764/f8k_020322.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-000764

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