secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001437749-23-032962
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Technologies enters executive employment and change of control agreement with CEO Brian Mackey
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- On November 21, 2023, CPS Technologies entered an executive agreement with CEO Brian Mackey.
- Agreement provides 12 months salary continuation on qualifying termination without cause.
- COBRA reimbursement for company-paid portion during salary continuation period.
- Unvested stock options accelerate fully upon a change in control or change in control termination.
- Agreement includes indemnification of Mackey under certain circumstances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923032962/0001437749-23-032962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923032962/cpsh20231122c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-032962

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