---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-23-000431"
form_type: "8-K"
ticker: "TAYD"
cik: "0000096536"
company_name: "TAYLOR DEVICES, INC."
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:58:43.519122+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Taylor Devices enters employment agreement with CFO Paul Heary at $231K base salary

## Summary
- One-year term from September 11, 2023, with automatic annual renewals unless either party gives 90 days' notice.
- If company does not renew or terminates without cause, Heary receives severance: 12 months salary plus COBRA reimbursement.
- Base salary set at $231,000 per year, subject to board discretion for increases.
- Heary eligible for incentive compensation plan based on company performance per board approval.

## SEC filing metadata
- accession: 0001376474-23-000431
- form_type: 8-K
- ticker: TAYD
- cik: 0000096536
- company_name: TAYLOR DEVICES, INC.
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96536/000137647423000431/0001376474-23-000431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96536/000137647423000431/tayd-20230911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-23-000431
- JSON: https://secwatch.observer/filing/0001376474-23-000431.json
- Plain text: https://secwatch.observer/filing/0001376474-23-000431.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.