secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001558370-21-016021
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpan appoints Matthew Moynahan as President and CEO effective Nov 29
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- Matthew Moynahan appointed President and CEO effective Nov 29, 2021; S. Worth returns to General Counsel.
- Employment: $500K base salary, $500K target bonus, annual LTIP grants >=$2.5M starting 2022.
- Special grant: 250k RSUs (4-yr vest) and 250k PSUs with $30 and $40 stock price targets over 4 years.
- Previously CEO of Forcepoint, Veracode, President of Arbor Networks; over 20 yrs tech/cyber experience.
- Severance: 12 months base + target bonus, COBRA continuation on qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000155837021016021/0001558370-21-016021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000155837021016021/ospn-20211111x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-016021

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