secwatch.observer — SEC 8-K summary
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Issuer:     Vistance Networks, Inc. (VISN)
CIK:        0001517228
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001564590-21-042951
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CommScope EVP, CTO Morgan Kurk departs; gets $615K severance, extended options
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- Morgan C.S. Kurk stepped down as EVP, CTO and Broadband Networks segment leader effective July 19, 2021.
- Separation agreement provides $615,024 severance, paid over one year in equal installments.
- All unvested equity awards (94,000 PSUs and 99,930 options) forfeited upon departure.
- Vested stock options (totaling ~143,772 shares) extended for one year post-separation.
- COBRA healthcare coverage paid by company for two months; non-disparagement and restrictive covenants apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517228/000156459021042951/0001564590-21-042951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517228/000156459021042951/comm-8k_20210810.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-042951

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