---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-149959"
form_type: "8-K"
ticker: "OSS"
cik: "0001394056"
company_name: "ONE STOP SYSTEMS, INC."
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:07:29.903293+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-149959
- form_type: 8-K
- ticker: OSS
- cik: 0001394056
- company_name: ONE STOP SYSTEMS, INC.
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394056/000119312523149959/0001193125-23-149959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394056/000119312523149959/d498276d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-149959
- JSON: https://secwatch.observer/filing/0001193125-23-149959.json
- Plain text: https://secwatch.observer/filing/0001193125-23-149959.txt

## Key facts
- Executive change
  David Raun departed as Chief Executive Officer and President at ONE STOP SYSTEMS, INC..
  - Action: stepping down
  - Role: Chief Executive Officer and President
  source text: David Raun, the Company’s current Chief Executive Officer and President, will be stepping down, effective upon the appointment of his successor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394056/000119312523149959/0001193125-23-149959-index.htm
- Executive change
  Michael Knowles was appointed as Chief Executive Officer and President at ONE STOP SYSTEMS, INC..
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: effective June 5, 2023 (the “Effective Date”), Mr. Knowles will begin serving as Chief Executive Officer and President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394056/000119312523149959/0001193125-23-149959-index.htm

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