other_material
confidence high
sentiment positive
materiality 0.35
Accuray amends Dedication Capital consulting pact; cuts fees 50%, vests 916K shares immediately
ACCURAY INC
- Cash compensation reduced 50%: Base fee $175K for Apr–Oct 2026, FY2026 incentive min $132.8K, Sep Q min $54.7K.
- 916,336 shares of Initial Restricted Shares (354,609 under 2016 plan, 561,727 under 2026) vested immediately as of Apr 1, 2026.
- 333,004 remaining Initial Restricted Shares to vest on Oct 31, 2026; PSAs still subject to stock price target.
- Company expects at least $362,500 in cash savings from the amendment.
- Consulting Agreement end date extended to October 31, 2026.
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