secwatch.observer — SEC 8-K summary
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Issuer:     VIRCO MFG CORPORATION (VIRC)
CIK:        0000751365
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001628280-23-019460
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virco amends 2019 equity plan to remove tax gross-ups, add clawback provisions
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- Board approved amendment and restatement of 2019 Omnibus Equity Incentive Plan effective May 19, 2023.
- Amendment removes ability to provide tax gross-up payments; none historically paid.
- All awards under plan are now subject to company's clawback policy and applicable laws.
- Clarifies performance goals may be modified by the company under certain circumstances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751365/000162828023019460/0001628280-23-019460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751365/000162828023019460/virc-20230519.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-019460

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