secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001437749-21-017225
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774921017225/0001437749-21-017225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774921017225/rfil20210720_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-017225

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