secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001437749-23-009176
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Technologies enters change-of-control severance agreement with CFO Griffith
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- Agreement provides 12 months salary continuation to CFO Charles Griffith upon change-of-control termination.
- Company will reimburse CFO's COBRA premiums for up to 12 months post-termination.
- All unvested stock options held by CFO will accelerate and vest upon change-of-control termination.
- CFO subject to 12-month non-compete and non-solicitation restrictions following termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923009176/0001437749-23-009176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923009176/cpsh20230403b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-009176

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