secwatch.observer — SEC 8-K summary
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Issuer:     MESA LABORATORIES INC /CO/ (MLAB)
CIK:        0000724004
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001437749-21-022857
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Labs CEO, CFO sign amended employment agreements; director David Kelly to retire April 2022
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- Director David M. Kelly to retire from Board effective April 3, 2022, after 11 years of service.
- New employment agreements with CEO Gary Owens (base salary $620k), CFO John Sakys, and SVPs DiNoia and Archbold, effective Sept 29, 2021.
- Severance for termination without cause/good reason: 1x base+target bonus, 24 months COBRA, accelerated equity vesting.
- On change of control, severance doubles to 2x base+target bonus and all unvested equity vests immediately.
- Agreements are indefinite; CEO's seven-year-vesting equity from prior grant vests on voluntary resignation without good reason.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724004/000143774921022857/0001437749-21-022857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724004/000143774921022857/mlab20210924_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-022857

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