secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONE STOP SYSTEMS, INC. (OSS)
CIK:        0001394056
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001193125-23-162521
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One Stop Systems appoints Michael Knowles as CEO effective June 5; new employment deals for CFO and CPO
--------------------------------------------------------------------------------

- David Raun stepped down as CEO and President on June 5, 2023; succeeded by Michael Knowles.
- New CFO John Morrison employment: base salary $310,648, target bonus 40% of base.
- New CPO Jim Ison employment: base salary $294,480, target bonus 30% of base.
- Agreements have one-year initial term with auto-renewal; severance of six months' base salary plus COBRA for non-cause termination.
- CEO transition consistent with prior 8-K filings; Raun's employment agreement automatically terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394056/000119312523162521/0001193125-23-162521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394056/000119312523162521/d518746d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-162521

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