secwatch.observer — SEC 8-K summary
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Issuer:     RadNet, Inc. (RDNT)
CIK:        0000790526
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001683168-23-002619
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RadNet enters new CEO employment agreement with Dr. Howard Berger; base salary $1.5M, enhanced severance
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- Annual base salary of $1.5M, of which $500k is paid by BRMG; eligible for bonus and incentive plans (bonus paid by BRMG).
- Time-based equity awards fully vest upon a change in control of RadNet.
- Severance on qualifying termination: up to 200% base salary plus 200% average cash bonus, reduced by $2.5M Berger Termination Payment.
- COBRA premium and life insurance continued for up to 2 years after qualifying termination.
- Agreement replaces prior 1992 employment agreement; Management Consulting Agreement with BRMG remains unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/790526/000168316823002619/0001683168-23-002619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/790526/000168316823002619/radnet_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002619

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