secwatch.observer — SEC 8-K summary
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Issuer:     Ouster, Inc. (OUST)
CIK:        0001816581
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001193125-23-034355
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ouster completes Velodyne merger; appoints new CFO and GC, expands board
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- Merger of equals with Velodyne closed Feb 10, 2023; CFO Anna Brunelle replaced by Velodyne's former CFO Mark Weinswig (base $370K, target bonus 70%).
- General Counsel Adam Dolinko replaced by Deputy GC Megan Chung; departing execs receive 12 months salary, bonus, COBRA, and equity acceleration.
- Board expands to 8 directors: 4 from Ouster (incl. new appointee Riaz Valani) and 4 from Velodyne; Dr. Ted Tewksbury named Executive Chairman.
- Non-employee directors receive one-time grant of 186,254 RSUs each, vesting quarterly over 5 installments.
- Adopted updated Non-Employee Director Compensation Program: $60K annual retainer, committee fees, and equity grants per plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523034355/0001193125-23-034355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523034355/d424065d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-034355

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