secwatch.observer — SEC 8-K summary
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Issuer:     INTEVAC INC (—)
CIK:        0001001902
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0001193125-24-177068
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intevac appoints Cameron McAulay as CFO effective July 10, 2024
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- McAulay succeeds Kevin Soulsby, who resumes role as corporate controller after serving as interim CFO since Aug 2023.
- McAulay previously CFO of Transphorm (acquired by Renesas for $339M) and held finance roles at KLA, Atmel, National Semi.
- Base salary $340K, eligible for 60% target bonus; recommended inducement grants: 48K RSUs (3-yr vest) and 72K target PRSUs (through Dec 2026).
- Change in control agreement provides 6 months severance and accelerated equity vesting on qualifying termination after change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001902/000119312524177068/0001193125-24-177068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001902/000119312524177068/d796563d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-177068

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