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

Issuer:     Optex Systems Holdings Inc (OPXS)
CIK:        0001397016
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001493152-24-001145
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Optex Systems renews CFO Karen Hawkins' employment through Dec 2026 with $224k base salary
--------------------------------------------------------------------------------

- New employment agreement effective Jan 1, 2024, runs through Dec 31, 2026, with automatic 12-month renewals.
- Base salary of $224,328; target bonus of 30% of base with board discretion to adjust +/-20%.
- Severance: if terminated without cause or resigns for good reason, receives six months' base salary plus accrued obligations.
- Termination for cause or resignation without good reason yields only accrued salary and bonus through termination date.
- Agreement contains non-disparagement, transition assistance, and Section 409A compliance provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397016/000149315224001145/0001493152-24-001145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397016/000149315224001145/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001145

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