secwatch.observer — SEC 8-K summary
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Issuer:     Mastech Digital, Inc. (MHH)
CIK:        0001437226
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001193125-24-011240
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mastech Digital signs consulting deal with Primentor, awards 385K stock options, founder equity kickers
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- Consulting fees: $100K/mo for first 9 months, then $30K, $25K, $20K/mo, plus $120K lump sum at year 2.
- Issued options for 192,500 shares each to Murthy and Sengupta at $8.34/share, vesting over 3 years.
- Upon a Sale Event, Murthy and Sengupta each may receive up to 1.1% of outstanding shares from founders.
- Term is 3 years initial; renewal options; termination without cause after 9 months yields up to $120K fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437226/000119312524011240/0001193125-24-011240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437226/000119312524011240/d642155d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-011240

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