secwatch.observer — SEC 8-K summary
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Issuer:     WILLAMETTE VALLEY VINEYARDS INC (WVVI)
CIK:        0000838875
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001199835-25-000153
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Willamette Valley Vineyards hires Michael Osborn as CEO effective May 19, 2025
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- Osborn, former Wine.com exec, replaces Jim Bernau as CEO; Bernau remains President and Chair.
- Annual base salary of $425,000 through 2026, then CPI-adjusted; bonus up to 25% of salary on pre-tax income above $3.5M.
- Receives 15,000 common shares within 90 days, 7,000 annual PRSUs for 10 years, and 200,000 long-term PRSUs vesting at $12/$15/$20/$25 stock price targets.
- Employment agreement allows remote work from Virginia with required travel to Oregon; severance of 4-12 months' salary depending on tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/838875/000119983525000153/0001199835-25-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/838875/000119983525000153/wvvi_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-25-000153

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