---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-035487"
form_type: "8-K"
ticker: "RELL"
cik: "0000355948"
company_name: "RICHARDSON ELECTRONICS, LTD."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:21:10.422502+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# CEO Edward Richardson's incentive plan amended to pay 2% of net income minus management plan payout

## Summary
- Amendment approved Oct 24, 2022: CEO's annual award equals 2% of net income minus any payout under the Management Incentive Compensation Plan.
- Mr. Richardson now directly participates in the Management Incentive Compensation Plan; Plan award is the excess.
- Committee retains discretion to reduce awards under the Plan.
- Effective immediately; replaces prior 'greater of' formula.

## SEC filing metadata
- accession: 0001564590-22-035487
- form_type: 8-K
- ticker: RELL
- cik: 0000355948
- company_name: RICHARDSON ELECTRONICS, LTD.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355948/000156459022035487/0001564590-22-035487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355948/000156459022035487/rell-8k_20221024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-035487
- JSON: https://secwatch.observer/filing/0001564590-22-035487.json
- Plain text: https://secwatch.observer/filing/0001564590-22-035487.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.