secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001554795-24-000115
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Cat sets FY2025/26 director compensation; Funk named Nominating committee chair
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- Independent directors to receive $50,000 base annual cash, with lead director Joseph Friedman receiving $95,000 total cash.
- Lead director and audit committee chair each get $85,000 in annual RSUs; other directors get $75,000 in annual RSUs.
- RSU awards cover two-year periods; all RSUs vest on second anniversary with customary change-of-control accelerators.
- Paul Funk II appointed Chair of Nominating and Governance Committee, effective May 6, 2024.
- Cash compensation paid in 12 equal monthly installments; RSUs granted under 2019 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000155479524000115/0001554795-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000155479524000115/rcat0509form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-24-000115

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