secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001193125-22-093720
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels CFO John Fairbanks retires; Ricardo Rodriguez appointed CFO
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- John Fairbanks retired as VP, CFO and Treasurer effective April 1, 2022; will provide consulting through March 31, 2023.
- Ricardo Rodriguez, previously Chief Strategy Officer, promoted to SVP, CFO and Treasurer effective April 1, 2022.
- Rodriguez receives base salary of $350,000 and performance bonus target of at least 50% under new executive agreement.
- Company amended loan with Silicon Valley Bank to revise certain financial covenants; terms not detailed.
- Fairbanks’ vested options exercisable through April 1, 2024; unvested awards continue vesting during consulting period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000119312522093720/0001193125-22-093720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000119312522093720/d341015d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-093720

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