---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-030695"
form_type: "8-K"
ticker: "OPXS"
cik: "0001397016"
company_name: "Optex Systems Holdings Inc"
filed_at: "2021-12-07T23:59:59+00:00"
generated_at: "2026-06-28T03:05:45.406429+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Optex Systems Holdings enters updated employment agreement with CEO Danny Schoening

## Summary
- Base salary $296,031/yr; term ends Nov 30, 2022.
- Performance bonus target 30% of base salary, based on 3-year operating plan.
- RSU vesting amended: final 33% vests at change of control instead of Jan 1, 2022.
- Severance: 6 months' salary on termination without cause or for good reason.
- RSUs not forfeited until change of control fails by Mar 13, 2023.

## SEC filing metadata
- accession: 0001493152-21-030695
- form_type: 8-K
- ticker: OPXS
- cik: 0001397016
- company_name: Optex Systems Holdings Inc
- filed_at: 2021-12-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397016/000149315221030695/0001493152-21-030695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397016/000149315221030695/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-030695
- JSON: https://secwatch.observer/filing/0001493152-21-030695.json
- Plain text: https://secwatch.observer/filing/0001493152-21-030695.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.