secwatch.observer — SEC 8-K summary
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Issuer:     MICROVISION, INC. (MVIS)
CIK:        0000065770
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001493152-24-023356
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

MicroVision adopts new severance plan, boosts CFO salary, annual meeting elects directors
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- New Key Executive Severance & CIC Plan replaces prior plan, providing up to 18 months salary + 150% bonus on change-in-control termination.
- CFO Anubhav Verma salary raised 6.25% to $425k, eligible for 40% bonus, granted 450k RSUs vesting over 3 years.
- General Counsel Drew Markham salary raised ~7.5% to $400k, 40% bonus target, granted 360k RSUs vesting over 3 years.
- 2023 short-term incentive bonuses paid in fully vested RSUs: 200k to Verma, 186,250 to Markham.
- Annual meeting elected all 8 director nominees; say-on-pay passed; Moss Adams ratified as auditor for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65770/000149315224023356/0001493152-24-023356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65770/000149315224023356/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023356

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