secwatch.observer — SEC 8-K summary
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Issuer:     Red Cat Holdings, Inc. (RCAT)
CIK:        0000748268
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001554795-24-000154
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Red Cat appoints Leah Lunger as CFO with $230K salary, 900K RSU initial grant
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- Base salary of $230,000 per year; eligible for annual bonus up to 50% of base salary.
- One-time equity award of 900,000 restricted stock units; 150,000 vest immediately, remainder over 6 quarters and upon timely filing of annual report.
- Employment term through June 10, 2026, with automatic one-year renewals unless notice given.
- Severance benefits include 12 months salary, accelerated vesting, COBRA coverage upon qualifying termination.
- Agreement includes clawback policy and good reason termination provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748268/000155479524000154/0001554795-24-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748268/000155479524000154/rcat0614form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-24-000154

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