---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003367"
form_type: "8-K"
ticker: "SYPR"
cik: "0000864240"
company_name: "SYPRIS SOLUTIONS INC"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:58:39.873839+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sypris grants performance-vesting stock options to CEO, CFO, and VP based on 2023 pre-tax income targets

## Summary
- Board approved 2023 Performance Option Awards: Jeff Gill (60k-100k), Richard Davis (40.8k-68k), Anthony Allen (24k-40k) shares.
- Vesting tied to quarterly Pre-Tax Income targets: threshold at 81%, maximum at 90% of annual operating plan.
- Cumulative 2023 Pre-Tax Income must reach at least 70% for any options to vest; unvested options forfeit on termination except death/disability.
- Service-vesting requires continued employment through April 1, 2024; performance determined by Compensation Committee.

## SEC filing metadata
- accession: 0001437749-23-003367
- form_type: 8-K
- ticker: SYPR
- cik: 0000864240
- company_name: SYPRIS SOLUTIONS INC
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864240/000143774923003367/0001437749-23-003367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864240/000143774923003367/sypr20230213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003367
- JSON: https://secwatch.observer/filing/0001437749-23-003367.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003367.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.