908 Devices Inc. Files 8-K on Director and Officer Changes
Ticker: MASS · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1555279
| Field | Detail |
|---|---|
| Company | 908 Devices Inc. (MASS) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $40,000, $200,000, $135,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
908 Devices Inc. filed an 8-K for director/officer changes and compensation updates.
AI Summary
On June 25, 2024, 908 Devices Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts related to these changes are not detailed in the provided text.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing is procedural, reporting standard corporate governance changes without immediate financial implications.
Key Players & Entities
- 908 Devices Inc. (company) — Registrant
- June 25, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-39815 (identifier) — SEC File Number
- 45-4524096 (identifier) — I.R.S. Employer Identification No.
- 645 Summer Street Boston, MA 02210 (address) — Principal executive offices
- (857) 254-1500 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors, but the specific names of newly elected or departing directors are not detailed in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specific details, including amounts or terms, are not provided in the excerpt.
What is the exact date of the earliest event reported in this 8-K?
The date of the earliest event reported is June 25, 2024.
Where are 908 Devices Inc.'s principal executive offices located?
The principal executive offices of 908 Devices Inc. are located at 645 Summer Street, Boston, MA 02210.
What is the company's state of incorporation?
908 Devices Inc. is incorporated in Delaware.
Filing Stats: 974 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-06-25 09:00:42
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share MASS The NASDAQ G
- $40,000 — ill receive annual cash compensation of $40,000 for general availability and participat
- $200,000 — ard (the "Initial Award"), representing $200,000 of value on the grant date, with 50% of
- $135,000 — ward (the "Annual Award"), representing $135,000 of value on the grant date, with 50% of
Filing Documents
- tm2418122d1_8k.htm (8-K) — 34KB
- tm2418122d1_ex99-1.htm (EX-99.1) — 9KB
- 0001104659-24-074581.txt ( ) — 217KB
- mass-20240625.xsd (EX-101.SCH) — 3KB
- mass-20240625_lab.xml (EX-101.LAB) — 33KB
- mass-20240625_pre.xml (EX-101.PRE) — 22KB
- tm2418122d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On June 25, 2024, Michele M. Leonhart was appointed to the Board of Directors (the "Board") of 908 Devices Inc. (the "Company") expanding the Board from eight to nine directors. Ms. Leonhart will serve as a Class I director, with a term expiring at the Company's annual meeting of stockholders to be held in June 2027. In accordance with the Company's Non-Employee Director Compensation Policy (the "Policy"), Ms. Leonhart will receive annual cash compensation of $40,000 for general availability and participation in meetings and conference calls of the Board, to be paid quarterly in arrears, pro-rated based on the number of actual days served by the director during such calendar quarter. No additional compensation will be paid for attending individual meetings of the Board. In addition, Ms. Leonhart shall be granted an initial, one-time equity award (the "Initial Award"), representing $200,000 of value on the grant date, with 50% of the value allocated to Restricted Stock Unit awards ("RSUs"), and 50% of the value allocated to Non-Qualified Stock Option awards ("NQSOs"). The RSUs shall vest annually over three (3) years from the director commencement date, with pro rata vesting upon termination of service for any reason, and the NQSOs shall vest monthly over three (3) years from the director commencement date, provided that such director remains a service provider through the applicable vesting dates. The Initial Awards shall be granted under and subject to terms of the Company's 2020 Stock Option and Incentive Plan. Ms. Leonhart will also be eligible for equity awards on the same terms as other continuing non-employee members of the Board. Currently, the Policy provides that, on or about the date of each annual meeting of stockholders of the Company (the "Annual Meeting"), each continuing non-employee director, other than a director who joined the Board
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated June 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 908 DEVICES INC. June 25, 2024 By: /s/ Michael S. Turner Michael S. Turner Chief Legal and Administrative Officer