secwatch.observer — SEC 8-K summary
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Issuer:     NOCOPI TECHNOLOGIES INC/MD/ (NNUP)
CIK:        0000888981
Form:       8-K
Filed at:   2022-03-29T23:59:59+00:00
Accession:  0001553350-22-000251
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nocopi appoints Matthew Winger to board, enters standstill with MSL18 Holdings
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- Board increased from 4 to 5; Matthew Winger appointed as Class II director effective March 29, 2022.
- Second MSL18 designee to be added by Sept 30, 2022, expanding board to 6 members.
- MSL18 Group owns ~13.7% of shares (9,265,582 shares) and agreed to standstill through 2025 annual meeting.
- Standstill restricts MSL18 from acquiring over 25% shares without approval; designees resign if ownership falls below 5%.
- Winger receives $3,000 annual retainer as non-employee director; prior roles include Fairholme Capital and TIAA-CREF.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888981/000155335022000251/0001553350-22-000251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888981/000155335022000251/nnup_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000251

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