secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN AEROGELS INC (ASPN)
CIK:        0001145986
Form:       8-K
Filed at:   2025-09-11T23:59:59+00:00
Accession:  0001193125-25-201332
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Aerogels promotes Grant Thoele to CFO, effective Oct 1, 2025
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- Grant Thoele named CFO and Treasurer, succeeding Ricardo C. Rodriguez.
- Base salary of $390,000; annual performance bonus target of 60% of base.
- Promotion equity grant of $300,000 in PSUs, RSUs, and stock options.
- Severance: 1x salary plus bonus on non-CIC qualifying termination; 2x on change of control.
- Non-compete covenant for one year post-employment with 50% base salary payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145986/000119312525201332/0001193125-25-201332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145986/000119312525201332/aspn-20250905.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-201332

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