secwatch.observer — SEC 8-K summary
======================================

Issuer:     Aterian, Inc. (ATER)
CIK:        0001757715
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001437749-23-026215
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aterian raises co-CEOs' base salary to $325k and grants 945,946 restricted shares each
--------------------------------------------------------------------------------

- Base salary for co-CEOs Joseph Risico and Arturo Rodriguez increased to $325,000 per annum.
- Each co-CEO granted 945,946 restricted shares; vesting 1/3 at one year, then quarterly over two years.
- Severance on non-cause termination: 12 months base salary, COBRA premiums for 12 months, accelerated equity vesting.
- Change-in-control protection: same severance benefits if co-CEO resigns for good reason within 12 months post-CIC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757715/000143774923026215/0001437749-23-026215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757715/000143774923026215/ater20230914_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-026215

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