secwatch.observer — SEC 8-K summary
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Issuer:     Optex Systems Holdings Inc (OPXS)
CIK:        0001397016
Form:       8-K
Filed at:   2021-12-07T23:59:59+00:00
Accession:  0001493152-21-030695
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Optex Systems Holdings enters updated employment agreement with CEO Danny Schoening
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397016/000149315221030695/0001493152-21-030695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397016/000149315221030695/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-030695

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