secwatch.observer — SEC 8-K summary
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Issuer:     CYANOTECH CORP (CYAN)
CIK:        0000768408
Form:       8-K
Filed at:   2022-06-22T23:59:59+00:00
Accession:  0001437749-22-015606
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gerald Cysewski steps down as CEO of Cyanotech; Matthew Custer named new President and CEO effective June 16, 2022
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- Gerald Cysewski resigned as CEO and Director effective June 16, 2022; will continue as CEO Emeritus and Chief Scientific Officer.
- Board unanimously appointed Matthew K. Custer as President, CEO, and Director; Custer had been President since May 2021.
- Custer's employment agreement provides $195,000 base salary, $25,000 signing bonus, and 50,000 stock options at $3.43 per share.
- Options vest over three years; agreement runs through June 16, 2025, with automatic renewal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768408/000143774922015606/0001437749-22-015606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768408/000143774922015606/cyan20220617_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-015606

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