secwatch.observer — SEC 8-K summary
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Issuer:     SAFEGUARD SCIENTIFICS INC (SFES)
CIK:        0000086115
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001437749-21-029044
Event type: other
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Eric Salzman enters amended employment agreement through Dec 2022 with $500K salary and equity grants
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- Annual base salary of $500,000; term ends December 31, 2022.
- Receives restricted stock award of 60,000 shares vesting monthly over 12-month term.
- Receives performance-based RSU for 80,000 shares, vesting on criteria met during term.
- All unvested equity accelerates on termination without Cause, for Good Reason, or Change of Control.
- Severance includes unpaid base salary lump sum, COBRA coverage, and full equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/86115/000143774921029044/0001437749-21-029044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/86115/000143774921029044/sfe20211221_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-029044

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