Solitron Devices Relocates HQ, Potential Officer/Director Changes
Ticker: SODI · Form: 8-K · Filed: Aug 14, 2025 · CIK: 91668
| Field | Detail |
|---|---|
| Company | Solitron Devices Inc (SODI) |
| Form Type | 8-K |
| Filed Date | Aug 14, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $450,000, $14.50, $3 million, $4 million, $5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, filing-update
TL;DR
SOLITRON MOVES HQ TO WEST PALM BEACH, FL; BOARD/EXEC CHANGES LIKELY.
AI Summary
Solitron Devices, Inc. announced on August 13, 2025, a change in its principal executive offices to 901 Sansburys Way, West Palm Beach, Florida 33411. This filing also indicates potential changes related to the departure or election of directors or officers, and compensatory arrangements.
Why It Matters
A change in principal executive offices can signal operational shifts or strategic realignments within the company. Updates on directors and officers are crucial for understanding corporate governance and leadership.
Risk Assessment
Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty and impact strategic direction, warranting a medium risk assessment.
Key Players & Entities
- Solitron Devices, Inc. (company) — Registrant
- 901 Sansburys Way, West Palm Beach, Florida 33411 (location) — New Principal Executive Offices
- August 13, 2025 (date) — Date of earliest event reported
FAQ
What is the new address for Solitron Devices, Inc.'s principal executive offices?
The new address for Solitron Devices, Inc.'s principal executive offices is 901 Sansburys Way, West Palm Beach, Florida 33411.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 13, 2025.
What are the main items reported in this Form 8-K?
This Form 8-K reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is Solitron Devices, Inc.'s state of incorporation?
Solitron Devices, Inc. is incorporated in Delaware.
What is the IRS Employer Identification Number for Solitron Devices, Inc.?
The IRS Employer Identification Number for Solitron Devices, Inc. is 22-1684144.
Filing Stats: 972 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2025-08-14 17:18:07
Key Financial Figures
- $450,000 — ent, Mr. Matson's annual base salary is $450,000, which may be increased as determined b
- $14.50 — ompany common stock at a share price of $14.50 for a period of ninety days after the E
- $3 million — based on the following schedule: up to $3 million: 0%; $3 million to $4 million: 4%; $4 m
- $4 million — le: up to $3 million: 0%; $3 million to $4 million: 4%; $4 million to $5 million: 5%; $5 m
- $5 million — illion to $4 million: 4%; $4 million to $5 million: 5%; $5 million to $6 million: 6%; grea
- $6 million — illion to $5 million: 5%; $5 million to $6 million: 6%; greater than $6 million: 7%. Mr. M
- $25,000 — r. Matson a discretionary cash bonus of $25,000 and a grant of 2,000 shares of common s
- $200,000 — l's annual base salary was increased to $200,000. The Company also awarded Ms. Campbell
- $10,000 — Campbell a discretionary cash bonus of $10,000 and a grant of 2,000 shares of common s
Filing Documents
- sodi20250812_8k.htm (8-K) — 34KB
- ex_851642.htm (EX-10.1) — 112KB
- 0001437749-25-027022.txt ( ) — 290KB
- sodi-20250813.xsd (EX-101.SCH) — 3KB
- sodi-20250813_def.xml (EX-101.DEF) — 10KB
- sodi-20250813_lab.xml (EX-101.LAB) — 14KB
- sodi-20250813_pre.xml (EX-101.PRE) — 10KB
- sodi20250812_8k_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement dated August 13, 2025 by and between Solitron Devices, Inc. and Mark Matson 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. SOLITRON DEVICES, INC. August 14, 2025 By: /s/ Tim Eriksen Tim Eriksen Chief Executive Officer