secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001213900-24-080038
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadiz appoints Cathryn Rivera as COO effective Sept 16, 2024; base salary $275K
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- Rivera hired as COO, effective Sept 16, 2024, to lead operations for groundwater banking and water tech projects.
- Base salary of $275,000; eligible for annual cash bonus up to 100% of base salary, discretionary.
- Granted 137,500 RSUs (3-year quarterly vest) plus 137,500 milestone-based RSUs (5-year horizon).
- Previously served as Appointments Secretary for California Gov. Newsom (2019-2024), oversaw 3,000 positions.
- No related party transactions; severance terms include 180 days base pay for termination without cause or for material breach.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390024080038/0001213900-24-080038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390024080038/ea0215051-8k_cadiz.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-080038

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