secwatch.observer — SEC 8-K summary
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Issuer:     FUEL TECH, INC. (FTEK)
CIK:        0000846913
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001437749-23-013570
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuel Tech sets performance RSU targets for 2023-2024; approves change-of-control severance for officers
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- CEO Vincent Arnone eligible for up to 166,800 RSUs per year (2023/2024) based on four metrics.
- Total revenue targets: $34.7M in 2023, $36.44M in 2024 for 100% of revenue RSUs.
- New business revenue targets: $1.0M in 2023, $3.0M in 2024 for 100% of new business RSUs.
- Operating income targets: $1.0M in 2023, $2.0M in 2024 for 100% of operating income RSUs.
- Severance provides 12 months' base salary plus 6 months COBRA after change of control if terminated without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846913/000143774923013570/0001437749-23-013570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846913/000143774923013570/ftek20230504c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013570

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