secwatch.observer — SEC 8-K summary
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Issuer:     IMPINJ INC (PI)
CIK:        0001114995
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001193125-25-328739
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Impinj amends CEO severance; adopts CIC policy for CFO and CINO
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- CEO Chris Diorio gets 200% base salary lump sum and full equity acceleration on change-of-control termination.
- Outside change-of-control, CEO receives 12 months base salary and vesting of equity for 12 months post-termination.
- New CIC Policy covers CFO Cary Baker and CINO Cathal Phelan: on change-of-control termination, 100% base salary and target bonus prorated, full equity vesting.
- Outside change-of-control: those execs get 50% base salary over 6 months, 25% equity vesting, 6 months COBRA.
- All severance subject to release; no tax gross-ups provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114995/000119312525328739/0001193125-25-328739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114995/000119312525328739/pi-20251219.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-328739

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