ParkerVision board member resigns; CEO and CFO get salary increases and option extension

PARKERVISION INC

Director Sanford Litvack resigned from board and committees effective April 15, 2025, with no disagreement.
CEO base salary raised from $260,000 to $400,000; CFO base salary from $180,000 to $250,000.
Option expiration extended from Jan 2026 to Jan 2031 for CEO (8M options) and CFO (1M options) at $0.54.
Company expects a $1.9M one-time charge for share-based compensation from the option modification.
New base salaries are below the 50th percentile of a peer group developed by an independent third party.

item 5.02 item 9.01

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Departed

Sanford Litvack

Director

PRKR · PARKERVISION INC

Effective: 2025-04-15
Filed: April 21, 2025, 7:59 PM ET

On April 15, 2025, Mr. Sanford Litvack resigned from our Board of Directors, and from the Audit and Compensation Committees on which he served.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Sanford Litvack resigned as Director at PARKERVISION INC.

Action: resigned
Role: Director

Exact text from the filing

On April 15, 2025, Mr. Sanford Litvack resigned from our Board of Directors, and from the Audit and Compensation Committees on which he served.

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PARKERVISION INC filing history →

Source: SEC EDGAR

accession 0001437749-25-012523

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