secwatch.observer — SEC 8-K summary
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Issuer:     Genasys Inc. (GNSS)
CIK:        0000924383
Form:       8-K
Filed at:   2026-01-30T23:59:59+00:00
Accession:  0001193125-26-031771
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Genasys sets CEO Danforth's FY2026 pay: $490K salary, 400K RSUs, performance bonus tied to revenue, ARR, debt
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- Base salary $490,000; target cash bonus equal to 100% of base salary with max $784,000.
- Grants 200,000 time-based RSUs (vest: 67,000 Dec 2026, 133,000 Dec 2027) and 200,000 performance-based RSUs.
- Cash bonus metrics: revenue (30%), ARR (30%), debt repayment (40%); thresholds at debt met or 85% revenue / specified ARR.
- Performance RSUs vest only if debt repayment achieved and revenue and ARR at 95%+ of target; max 200,000 shares.
- Cancels prior performance-based options to purchase 800,000 shares granted to Danforth on October 8, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924383/000119312526031771/0001193125-26-031771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924383/000119312526031771/gnss-20260126.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-031771

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