secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001654954-22-000138
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rekor Systems appoints David Desharnais as President, effective January 2022
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- David Desharnais, former EVP at IDEMIA and GM at AWS, joins as President reporting to CEO.
- Three-year employment agreement with base salary and annual bonus up to $700k; $200k guaranteed for 2022.
- Signing bonus of $139,468; 375,000 RSUs granted Jan 17, 2022, vesting over three years.
- Desharnais to lead global engineering, product management, marketing, and strategic partnerships.
- Two times base salary severance if terminated within 120 days of a change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000165495422000138/0001654954-22-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000165495422000138/rekr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-000138

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