secwatch.observer — SEC 8-K summary
======================================

Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001603978-23-000013
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AquaBounty enters amended CFO agreement; base salary $325k, bonus target 40%
----------------------------------------------------------------------------

- CFO David Frank receives base salary of $325,000 and target annual bonus of 40% of base.
- Severance on termination without cause: 12 months salary, pro rata bonus, and health coverage for 1 year.
- Unvested equity vests pro rata on termination without cause/good reason; full vesting upon change of control within 12 months.
- Employment is at-will; agreement effective March 29, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000013/0001603978-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000013/aqb-20230331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-23-000013

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