secwatch.observer — SEC 8-K summary
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Issuer:     IEH Corp (IEHC)
CIK:        0000050292
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0001174947-22-001039
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IEH Corp enters new employment agreement with CFO William Craig through 2027
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- New employment agreement for CFO and Treasurer William H. Craig, effective July 1, 2022, through June 30, 2027.
- Base salary of $247,200 per annum; eligible for annual bonus based on performance targets set by Compensation Committee.
- Severance: 24 months base salary plus 24 months health benefits for termination without cause or for good reason.
- Change-in-control provision: if termination within 90 days, similar severance plus accelerated vesting of equity awards.
- Subject to non-competition, non-solicitation, and confidentiality obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50292/000117494722001039/0001174947-22-001039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50292/000117494722001039/form8k-28742_iehc.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-001039

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