secwatch.observer — SEC 8-K summary
======================================

Issuer:     Byrna Technologies Inc. (BYRN)
CIK:        0001354866
Form:       8-K/A
Filed at:   2026-06-18T20:55:21+00:00
Accession:  0001437749-26-021173
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Byrna discloses separation terms with former President Luan Pham: $380K severance, equity acceleration
--------------------------------------------------------------------------------

- Pham terminated without cause effective June 13, 2026; separation agreement signed June 17, 2026.
- Cash severance of $380,000 (1x salary) paid over 12 months; pro-rata STI of $145,170 lump sum.
- Accelerated vesting of 20,810 RSUs (10,405 time-based + 10,405 performance-based) granted March 2026.
- All other unvested equity forfeited; COBRA premiums reimbursed for up to 12 months.
- Pham reaffirms non-compete, non-solicit, confidentiality, and non-disparagement covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1354866/000143774926021173/0001437749-26-021173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1354866/000143774926021173/byrn20260618c_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-021173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer