secwatch.observer — SEC 8-K summary
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Issuer:     ACCURAY INC (ARAY)
CIK:        0001138723
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001437749-26-011547
Event type: other_material
Sentiment:  positive
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accuray amends Dedication Capital consulting pact; cuts fees 50%, vests 916K shares immediately
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138723/000143774926011547/0001437749-26-011547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138723/000143774926011547/aray20260402c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-011547

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