secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001683168-24-004658
Event type: leadership
Sentiment:  negative
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SVP of Sales and Marketing resigns, enters consulting agreement
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- Jeffrey L. DiRubio resigns as SVP of Sales and Marketing, effective June 30, 2024.
- One-year consulting agreement for $110,000 payable monthly from July 1, 2024 through June 30, 2025.
- Employment agreement amended: retroactive salary increase of $25,962 and bonus of $44,000 for FY2024.
- Vested stock options exercisable for one year after end of continuous service, including consulting period.
- Confidentiality, non-solicitation, and non-disparagement covenants survive termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316824004658/0001683168-24-004658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316824004658/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-004658

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