secwatch.observer — SEC 8-K summary
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Issuer:     TAYLOR DEVICES, INC. (TAYD)
CIK:        0000096536
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001376474-23-000431
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96536/000137647423000431/0001376474-23-000431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96536/000137647423000431/tayd-20230911.htm
  HTML page:      https://secwatch.observer/filing/0001376474-23-000431

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