secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001213900-24-031921
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical raises salaries for President DiPerna & COO Schmid; grants 150k total options
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- Paul DiPerna's base salary increased from $300k to $360k retroactive April 1, 2024; title changed from CEO to President.
- Kevin Schmid's base salary increased from $250k to $300k retroactive April 1, 2024.
- DiPerna granted option for 100k shares at $1.52, vesting 1/3 after one year then monthly over 3 years.
- Schmid granted option for 50k shares at $1.52 on same vesting schedule.
- Total options granted: 150k shares under Amended 2017 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390024031921/0001213900-24-031921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390024031921/ea0203660-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-031921

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