secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001437749-23-010836
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Technologies CEO McCormack resigns; CFO Griffith named acting president
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- Michael McCormack resigned as President and CEO effective April 21, 2023; not related to any disagreement with the Company.
- CFO Charles K. Griffith Jr. appointed acting president; Board initiates search for permanent CEO.
- Griffith has been CFO since April 2019; receives $200K salary plus discretionary bonus ($95K for 2022 performance).
- Under McCormack's leadership, CPS achieved record revenues and operating income; management expects another record year in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923010836/0001437749-23-010836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923010836/cpsh20230421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010836

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