secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001493152-24-007732
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flux Power CFO Scheiwe steps down, Royal appointed; Director Bo-Linn not re-standing
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- Director Cheemin Bo-Linn not standing for re-election at April 18, 2024 annual meeting; Board accelerated 18,561 RSUs.
- CFO Charles Scheiwe stepping down effective March 1, 2024; will transition to consultant at $150/hr for 12 months.
- Scheiwe receives cash severance of $205,200 (12 months base salary) and $22,840.68 COBRA payment.
- Kevin S. Royal appointed CFO and Secretary effective March 4, 2024; base salary $330,000, 60% bonus, 55,000 stock options.
- Royal has over 20 years experience, former EVP/CFO of Zovio Inc. and SVP/CFO of Maxwell Technologies; CPA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224007732/0001493152-24-007732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224007732/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-007732

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