secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001213900-23-055629
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical appoints former Insulet CEO Duane DeSisto to board; William Febbo resigns
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- William Febbo resigned from the board effective July 5, 2023; not due to any disagreement.
- Duane DeSisto appointed to board and to chair Compensation Committee, effective July 5, 2023.
- DeSisto was President & CEO of Insulet (OmniPod pump) from 2001–2014; grew market cap to >$2B.
- DeSisto received an RSU for 250,000 shares vesting quarterly over three years.
- As non-employee director, DeSisto will get $30K annual cash/equity plus $100K annual equity award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390023055629/0001213900-23-055629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390023055629/ea181525-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-055629

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