secwatch.observer — SEC 8-K summary
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Issuer:     indie Semiconductor, Inc. (INDI)
CIK:        0001841925
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001628280-22-032565
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Indie Semiconductor adopts Employment Agreements for five named officers, grants equity awards
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- CEO McClymont: $400k base salary, 100% target bonus; 286,500 time-based RSUs, 286,500 PRSUs, and stock-price RSUs up to 1M shares.
- CFO Schiller: $345k base, 70% target bonus; 226,500 RSUs, 226,500 PRSUs, and stock-price RSUs up to 750k shares.
- Other officers (Aoki, Kee, Machuga) get $300k-343k base, 40-50% target bonuses and smaller equity grants.
- Severance: McClymont gets 18 months base + bonus (24 months on change of control); others get 12 months (18 on CIC).
- Equity grants include time-based RSUs (4-year vest), performance RSUs (3-year), and stock-price RSUs at $20/$30/$40 targets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841925/000162828022032565/0001628280-22-032565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841925/000162828022032565/indi-20221222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-032565

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