## Filing Overview **Filing Date**: 08-23-2024 **Type of Filing**: [[Filing Definitions#8-K|8-K]] **Event Date**: 08-21-2024 --- ## Notes ### Key Updates: - **Board Appointment**: [[Kenneth R. Possenriede]] was appointed as a Class III director, expanding the Board to nine members. His term will expire at the 2027 annual stockholder meeting. - **Background**: Mr. Possenriede brings 35 years of experience from [[Lockheed Martin]], including serving as Executive Vice President and CFO. His expertise includes finance, program management, and capital markets. - **Compensation**: He will receive standard non-employee director compensation, including: - A pro-rated annual cash retainer for 2024. - Restricted stock units valued at $360,000, vesting over three years. - Annual grants of $180,000 in restricted stock units starting at the 2025 stockholder meeting. ### Additional Notes: - Mr. Possenriede qualifies as an independent director under Nasdaq listing standards. - He will serve on the Audit Committee. - The equity awards include accelerated vesting in the event of a company sale. --- ## Filing ![[7211c3c9-0cf8-4cc5-9999-a7f53c237d6c.pdf]]