secwatch.observer — SEC 8-K summary
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Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001406666-22-000048
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calix promotes Michael Weening to CEO; Carl Russo remains Chairman
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- Weening succeeds Russo as CEO effective Sept 30, 2022; Russo continues as Board Chairman.
- New CEO receives $560k base salary, 150% target bonus, and option for 300k shares vesting over 4 years.
- Weening has been with Calix since 2016, most recently as President and COO since Jan 2021.
- Relocation requirement removed; Weening's prior relocation allowance and clawback terminated.
- Weening will continue to partner with Russo, who shifts focus to board leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666622000048/0001406666-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666622000048/calx-20220930.htm
  HTML page:      https://secwatch.observer/filing/0001406666-22-000048

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