One Stop Systems appoints defense veteran Michael Knowles as CEO, effective June 5

ONE STOP SYSTEMS, INC.

Michael Knowles named President and CEO effective June 5, 2023; David Raun steps down same day.
Knowles brings 30+ years in aerospace/defense; most recently led a $700M business at Cubic Corporation.
Employment agreement provides $460K base salary, annual bonus target of 75% of base, and 400K options + 400K RSUs as inducement grants.
Inducement grants vest over four years: 25% at one-year anniversary, remainder in six semi-annual tranches thereafter.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David Raun

Chief Executive Officer and President

OSS · ONE STOP SYSTEMS, INC.

Effective: 2023-06-05
Successor: Michael Knowles
Filed: May 22, 2023, 7:59 PM ET

David Raun, the Company’s current Chief Executive Officer and President, will be stepping down, effective upon the appointment of his successor.

Appointed

Michael Knowles

Chief Executive Officer and President

OSS · ONE STOP SYSTEMS, INC.

Effective: 2023-06-05
Filed: May 22, 2023, 7:59 PM ET

effective June 5, 2023 (the “Effective Date”), Mr. Knowles will begin serving as Chief Executive Officer and President of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

David Raun departed as Chief Executive Officer and President at ONE STOP SYSTEMS, INC..

Action: stepping down
Role: Chief Executive Officer and President

Exact text from the filing

David Raun, the Company’s current Chief Executive Officer and President, will be stepping down, effective upon the appointment of his successor.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Knowles was appointed as Chief Executive Officer and President at ONE STOP SYSTEMS, INC..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

effective June 5, 2023 (the “Effective Date”), Mr. Knowles will begin serving as Chief Executive Officer and President of the Company.

View on SEC.gov

ONE STOP SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-149959

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