secwatch.observer — SEC 8-K summary
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Issuer:     Beyond Air, Inc. (XAIR)
CIK:        0001641631
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001493152-22-018575
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Air appoints Michael Gaul as COO effective July 1, 2022
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- Michael Gaul, age 68, promoted from SVP Operations to COO, effective July 1, 2022.
- Gaul's base salary increased to $350K in April 2022; eligible for incentive bonus and stock options.
- Severance: 6 months base salary plus additional month per 2 months employment, up to 12 months, for termination without cause or good reason.
- Change of Control severance: 6 months base salary plus accelerated vesting of unvested equity awards.
- Employment agreement includes 1-year non-compete and non-solicitation covenants post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641631/000149315222018575/0001493152-22-018575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641631/000149315222018575/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-018575

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