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

Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001493152-23-038129
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flux Power approves CEO salary increase to $375k, grants stock options, adopts amended bonus plan
--------------------------------------------------------------------------------

- CEO salary raised to $375,000 (from $300,000); VP Operations to $230,720 (from $206,000); CFO unchanged at $205,200 plus $4,000/month supplemental.
- FY2024 bonus targets: CEO max payout $256,281 + special $400,000; CFO $91,571; VP Ops $94,607 + special $400,000, tied to revenue, Adjusted EBITDA, and functional goals.
- Stock options granted: CEO 223,216, CFO 42,750, VP Ops 54,934; exercise price $3.36, three-year vesting.
- Board approved amended annual cash bonus plan effective FY2024; includes potential clawback policy pending Nasdaq rule compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223038129/0001493152-23-038129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223038129/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038129

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