CPS Technologies appoints Brian Mackey as President and CEO effective August 14, 2023

CPS TECHNOLOGIES CORP/DE/

Brian Mackey appointed President and CEO effective August 14, 2023; replaces Michael McCormack who resigned in April.
Base salary of $300,000; annual bonus up to 60% of base, based on revenue (40%), operating profit (40%), personal objectives (20%).
Grant of option to purchase 200,000 shares at closing price on grant date, vesting over 5 years, 10-year term.
Mackey previously CEO of Engi-Mat Co., which supplied U.S. Navy and received DoD/DOE research funding.
CFO Chuck Griffith, who served as acting president since April, will continue as CFO.

item 5.02 item 9.01

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Appointed

Brian Mackey

President and Chief Executive Officer

CPSH · CPS TECHNOLOGIES CORP/DE/

Effective: 2023-08-14
Filed: July 21, 2023, 7:59 PM ET

On July 20, 2023, CPS Technologies Corp. (the Company”) issued a press release announcing that it has appointed Brian Mackey, 53, as President and Chief Executive Officer of the Company, effective as of August 14, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Mackey was appointed as President and Chief Executive Officer at CPS TECHNOLOGIES CORP/DE/.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On July 20, 2023, CPS Technologies Corp. (the Company”) issued a press release announcing that it has appointed Brian Mackey, 53, as President and Chief Executive Officer of the Company, effective as of August 14, 2023.

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Source: SEC EDGAR

accession 0001437749-23-020386

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