secwatch.observer — SEC 8-K summary
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Issuer:     Byrna Technologies Inc. (BYRN)
CIK:        0001354866
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001437749-23-026206
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Byrna enters new CEO employment agreement with Bryan Ganz; $495k base salary and 600k RSUs with performance vesting
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- Annual base salary of $495,000 with target bonus of 100% of base salary for fiscal year, effective Sept 1, 2023.
- Grant of 600,000 restricted stock units on Dec 1, 2023, vesting based on stock price targets of $6, $9, and $12 per share.
- Agreement runs through Aug 31, 2026, with severance provisions including 12 months base pay plus 50% of target bonus upon termination without cause or for good reason.
- RSUs subject to double trigger: stock price achievement and CEO service through end date, with accelerated vesting for certain termination events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1354866/000143774923026206/0001437749-23-026206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1354866/000143774923026206/byrn20230915_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-026206

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