---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-017225"
form_type: "8-K"
ticker: "RFIL"
cik: "0000740664"
company_name: "R F INDUSTRIES LTD"
filed_at: "2021-07-20T23:59:59+00:00"
generated_at: "2026-06-30T04:18:18.864638+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# RF Industries enters new employment agreement with CEO Dawson; base salary $425K, new option grant

## Summary
- Base salary set at $425,000/year; target bonus opportunity equal to 50% of base salary.
- New 10-year option to purchase 50,000 shares at $8.69 (July 16 closing price) vests immediately.
- Unvested 2017 option (50,000 shares) now vests on July 17, 2022 (25,000) and July 17, 2023 (25,000).
- Term runs through Jan 31, 2023 with automatic one-year renewals; 90-day non-renewal notice required.
- Upon termination without cause, severance of one year's salary plus pro-rata bonus and full equity vesting.

## SEC filing metadata
- accession: 0001437749-21-017225
- form_type: 8-K
- ticker: RFIL
- cik: 0000740664
- company_name: R F INDUSTRIES LTD
- filed_at: 2021-07-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740664/000143774921017225/0001437749-21-017225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740664/000143774921017225/rfil20210720_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-017225
- JSON: https://secwatch.observer/filing/0001437749-21-017225.json
- Plain text: https://secwatch.observer/filing/0001437749-21-017225.txt

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