secwatch.observer — SEC 8-K summary
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Issuer:     TruBridge, Inc. (TBRG)
CIK:        0001169445
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001193125-22-189303
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPSI enters employment agreement with CEO Christopher L. Fowler; base salary $600K, $500K equity grant
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- Base salary of $600,000 per year; eligible for annual bonus and participation in the 2019 Incentive Plan.
- Restricted stock award of $500,000 grant-date value, vesting one-third per year over three years.
- Initial term of one year with automatic one-year renewals unless 90 days' advance notice of non-renewal.
- Severance: 1.5x base salary plus target bonus for without-cause/good-reason termination; 2x for CIC-related termination within 12 months.
- COBRA premium reimbursement for up to 18 months in certain termination scenarios.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169445/000119312522189303/0001193125-22-189303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169445/000119312522189303/d348898d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-189303

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