secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001213900-26-028325
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn approves $1.64M CEO bonus, changes director comp to all-cash $250k annually
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- Independent directors to receive $250,000 annual cash compensation ($62,500 quarterly), replacing prior cash+equity program.
- Directors Macleod and McDonnell get one-time $200,000 cash payments in lieu of FY2025 equity grants.
- CEO Lior Tal awarded FY2025 cash bonus of $1.64M ($640k regular + $1M special).
- All-cash director comp to remain until Board deems equity practicable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390026028325/0001213900-26-028325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390026028325/ea0281730-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-028325

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