secwatch.observer — SEC 8-K summary
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Issuer:     SOLITRON DEVICES INC (SODI)
CIK:        0000091668
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001437749-25-027022
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solitron Devices amends COO Matson's employment; issues cash and equity bonuses to executives and directors
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- New 3-year term for President/COO Matson; base salary $450K with bonus tied to profit tiers up to 7% above $6M.
- Matson receives option to buy 50K shares at $14.50 for 90 days, plus quarterly purchase rights for up to 5K shares each quarter.
- Severance on termination without cause: 2x base salary plus 36 months COBRA reimbursement.
- Discretionary cash bonuses: $25K to Matson; $10K to CFO Campbell; 2,000 vested shares to each named officer and each non-employee director.
- CFO Campbell's annual base salary increased to $200,000; all stock grants immediately vested from 2019 Stock Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91668/000143774925027022/0001437749-25-027022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91668/000143774925027022/sodi20250812_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-027022

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