secwatch.observer — SEC 8-K summary
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Issuer:     INSTEEL INDUSTRIES INC (IIIN)
CIK:        0000764401
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001437749-22-028291
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Insteel CFO Mark Carano resigns; Scot Jafroodi named new CFO effective Jan 2, 2023
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- Mark A. Carano resigns as SVP, CFO and Treasurer effective Dec 30, 2022 to pursue other employment; no disagreement with company practices.
- Scot R. Jafroodi, previously VP Corporate Controller and CAO, named CFO effective Jan 2, 2023; will also continue as CAO initially.
- Jafroodi receives base salary of $310,000, annual target bonus 60% of base, and equity awards with grant-date value of $250,000 (50% RSUs, 50% options).
- Jafroodi has executed Insteel's standard Retirement Security Agreement and Change in Control Severance Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764401/000143774922028291/0001437749-22-028291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764401/000143774922028291/iiin20221130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-028291

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