NAPCO Security Names New CFO, Kevin P. Murphy
Ticker: NSSC · Form: 8-K · Filed: Sep 18, 2024 · CIK: 69633
| Field | Detail |
|---|---|
| Company | Napco Security Technologies, Inc (NSSC) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
NAPCO Security just hired Kevin P. Murphy as CFO, starting Sept 16th. He's getting $275k base + bonus + stock.
AI Summary
NAPCO Security Technologies, Inc. announced on September 17, 2024, the appointment of Kevin P. Murphy as Chief Financial Officer, effective September 16, 2024. Murphy will receive an annual base salary of $275,000 and is eligible for a discretionary annual bonus. He will also be granted 50,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $275,000 — CFO Annual Base Salary (This is the starting salary for the newly appointed Chief Financial Officer.)
- 50,000 — Restricted Stock Units (Awarded to the new CFO, vesting over three years, indicating a long-term incentive.)
Key Players & Entities
- NAPCO SECURITY TECHNOLOGIES, INC (company) — Registrant
- Kevin P. Murphy (person) — Appointed Chief Financial Officer
- $275,000 (dollar_amount) — Annual base salary for new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- September 17, 2024 (date) — Date of Report
- September 16, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer?
Kevin P. Murphy has been appointed as the new Chief Financial Officer.
When was Kevin P. Murphy's appointment effective?
Kevin P. Murphy's appointment was effective September 16, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Kevin P. Murphy is $275,000.
What stock incentives will the new CFO receive?
Kevin P. Murphy will be granted 50,000 restricted stock units vesting over three years.
Is the new CFO eligible for a bonus?
Yes, Kevin P. Murphy is eligible for a discretionary annual bonus.
Filing Stats: 433 words · 2 min read · ~1 pages · Grade level 11.6 · Accepted 2024-09-18 16:15:14
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share NSSC Nasdaq Stock Market
Filing Documents
- nssc-20240917x8k.htm (8-K) — 36KB
- 0001558370-24-012875.txt ( ) — 148KB
- nssc-20240917.xsd (EX-101.SCH) — 3KB
- nssc-20240917_lab.xml (EX-101.LAB) — 15KB
- nssc-20240917_pre.xml (EX-101.PRE) — 9KB
- nssc-20240917x8k_htm.xml (XML) — 5KB
01. FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits: 10 4 Cover Page Interactive Data File (formatted as Inline XBRL). 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 thereunder duly authorized. NAPCO SECURITY TECHNOLOGIES, INC. (Registrant) Date: September 18, 2024 By: /s/ Kevin S. Buchel Kevin S. Buchel President, Chief Operating Officer and Chief Financial Officer