secwatch.observer — SEC 8-K summary
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Issuer:     ACCESS Newswire Inc. (ACCS)
CIK:        0000843006
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001654954-24-011992
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steven Knerr named permanent CFO of Issuer Direct Corp effective September 16, 2024
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- Base salary set at $200,000 annually, up from $178,500 under previous interim arrangement.
- One-time FY2024 cash bonus of $25,000 based on achievement of target objectives.
- Annual bonus target of 45% of base salary for subsequent years, tied to performance goals.
- Severance provides 6 months base salary and continued medical coverage if terminated without cause, for disability, or for good reason.
- Employment agreement includes noncompetition, non-solicitation, and confidentiality covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/843006/000165495424011992/0001654954-24-011992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/843006/000165495424011992/isdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-011992

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