secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2026-07-27T12:00:29+00:00
Accession:  0001213900-26-081581
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadiz names Jacinto Hernandez as CFO; Stanley Speer to retire Sept 1, 2026
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- Hernandez appointed EVP of Finance immediately, becomes CFO on Sept 1, 2026; base salary $400,000, target bonus 100%.
- Inducement awards: 800,000 RSUs (200,000 vested on grant, 600,000 vest quarterly over 3 years) and 800,000 PSUs with stock price hurdles.
- Speer to retire as CFO Sept 1, 2026; advisory role through Dec 31, 2026 at $10,000/month.
- Speer receives accelerated vesting of 68,700 RSUs, new grant of 100,000 fully vested RSUs, and forfeits 150,000 milestone RSUs.
- Controller Teffiny Bagnara promoted to Vice President as part of the transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390026081581/0001213900-26-081581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390026081581/ea0299310-8k_cadiz.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-081581

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