secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL ALTERNATIVES INTERNATIONAL INC (NAII)
CIK:        0000787253
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001437749-21-016717
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NAII boosts CEO, President, CFO salaries by $50K; enhances severance terms
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- CEO LeDoux salary raised to $475,000; added one-year group health insurance to severance.
- President Wolf salary to $450,000; severance without cause increased to 1 year base salary.
- CFO Fortin salary to $300,000; severance without cause increased to 1 year base salary.
- Wolf and Fortin change-in-control severance increased to 2 years base salary from 1.
- Amendments effective July 1, 2021; all officers received identical $50K base salary increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/787253/000143774921016717/0001437749-21-016717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/787253/000143774921016717/naii20210708_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-016717

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