secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001436126-23-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Chairman Vahaviolos retires, becomes Strategic Advisor; interim CEO granted 250k options
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- Sotirios Vahaviolos retired as Executive Chairman, becomes Strategic Advisor to CEO; total comp unchanged at $300k ($100k salary + $200k director fees).
- Manuel Stamatakis appointed Chairman of the Board and Interim President/CEO; granted 250k stock options at $5.36 exercise price.
- Options granted as inducement for Stamatakis to accept interim CEO role; exercisable for 10 years or 1 year after termination.
- Grant date October 11, 2023; exercise price equals NYSE closing price that day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000045/0001436126-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000045/mg-20231010.htm
  HTML page:      https://secwatch.observer/filing/0001436126-23-000045

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