secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001437749-23-020386
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923020386/0001437749-23-020386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923020386/cpsh20230720_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020386

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