secwatch.observer — SEC 8-K summary
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Issuer:     ONE STOP SYSTEMS, INC. (OSS)
CIK:        0001394056
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001193125-23-149959
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394056/000119312523149959/0001193125-23-149959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394056/000119312523149959/d498276d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149959

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