secwatch.observer — SEC 8-K summary
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Issuer:     INSTEEL INDUSTRIES INC (IIIN)
CIK:        0000764401
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001437749-22-016458
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Insteel Industries raises salaries and CEO incentives for executives
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- CEO H.O. Woltz III salary raised to $700,000 (from $675,000); CFO Carano to $370,000 (from $345,000).
- COO Wagner salary to $370,000; VP Petelle to $275,000; VP York to $270,000.
- CEO's annual incentive target increased from 70% to 100% of base salary.
- CEO's long-term equity grant target raised to $650K for FY2022 and $700K for subsequent years.
- Changes effective June 29, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764401/000143774922016458/0001437749-22-016458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764401/000143774922016458/iiin20220629_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-016458

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