secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K/A
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022294
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

FIGS discloses compensation terms for Interim CFO Kevin Fosty in 8-K/A amendment
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- Kevin Fosty appointed Interim CFO; base salary of $304,250 with 25% annual target bonus.
- Eligible for three $20,000 interim CFO bonus payments tied to milestones and continued employment.
- RSU award of $100,000 granted, vesting quarterly over four years.
- Severance of 4 months base salary and COBRA if terminated without cause or for good reason.
- Employment is at-will; compensation effective May 9, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000162828024022294/0001628280-24-022294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000162828024022294/figs-20240226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022294

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