---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-095388"
form_type: "8-K"
ticker: "OSS"
cik: "0001394056"
company_name: "ONE STOP SYSTEMS, INC."
filed_at: "2023-04-07T23:59:59+00:00"
generated_at: "2026-06-17T04:29:46.480333+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CEO David Raun to step down; amended employment agreement with retention bonus and RSU

## Summary
- CEO David Raun will step down upon appointment of successor; amended agreement effective April 3, 2023 to June 24, 2023.
- Mr. Raun receives retention bonus equal to 50% of $359K base salary, prorated daily through termination.
- Eligible for discretionary grant of 201,000 RSUs vesting at 183.5 RSUs/day from Feb 2, 2023 through termination.
- Severance: 12 months base salary, COBRA coverage, and accelerated vesting of RSUs scheduled to vest within 12 months.
- Bylaws amended: quorum threshold reduced to one-third, and Rule 14a-19 requirements added.

## SEC filing metadata
- accession: 0001193125-23-095388
- form_type: 8-K
- ticker: OSS
- cik: 0001394056
- company_name: ONE STOP SYSTEMS, INC.
- filed_at: 2023-04-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394056/000119312523095388/0001193125-23-095388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394056/000119312523095388/d448674d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-095388
- JSON: https://secwatch.observer/filing/0001193125-23-095388.json
- Plain text: https://secwatch.observer/filing/0001193125-23-095388.txt

## Key facts
- Executive change
  David Raun departed as Chief Executive Officer at ONE STOP SYSTEMS, INC..
  - Action: stepping down
  - Role: Chief Executive Officer
  source text: the Company announced that David Raun, the Company’s Chief Executive Officer, will be stepping down, effective upon the appointment of his successor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394056/000119312523095388/0001193125-23-095388-index.htm
- Governance Changes
  ONE STOP SYSTEMS, INC.: Amended Bylaws to incorporate Rule 14a-19 requirements and decrease quorum threshold to one-third of voting power (effective 2023-04-07).
  - Change: bylaw amendment
  - Effective: 2023-04-07
  source text: On April 7, 2023, the Company amended its Amended and Restated Bylaws (the “Bylaws”) to (i) revise Article II, Section 2.5 of the Bylaws to incorporate those requirements set forth in Rule 14a-19 of the Securities Exchange Act of 1934, as amended, as recently implemented by the SEC; and (ii) to revise Article II, Section 2.8 of the Bylaws to decrease the quorum threshold necessary to conduct business at shareholder meetings of the Company to one-third of the voting power of the Company’s capital stock issued and outstanding as of the relevant record date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394056/000119312523095388/0001193125-23-095388-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.