MicroVision Appoints New CFO, Grants Stock Options
Ticker: MVIS · Form: 8-K · Filed: 2024-04-08T00:00:00.000Z
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: MVIS
TL;DR
New CFO Steven Johnson starts April 15th, gets $375k salary + stock options.
AI Summary
MicroVision, Inc. announced on April 8, 2024, the appointment of Steven A. Johnson as Chief Financial Officer, effective April 15, 2024. Johnson will receive an annual base salary of $375,000 and will be eligible for an annual bonus. He will also be granted 150,000 stock options, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's 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
- $375,000 — CFO Annual Salary (Base compensation for new CFO Steven A. Johnson.)
- 150,000 — CFO Stock Options (Equity incentive granted to new CFO Steven A. Johnson, vesting over three years.)
Key Players & Entities
- MicroVision, Inc. (company) — Registrant
- Steven A. Johnson (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Stock options granted to new CFO
- April 8, 2024 (date) — Date of report
- April 15, 2024 (date) — Effective date for new CFO
FAQ
What is the effective date of Steven A. Johnson's appointment as CFO?
Steven A. Johnson's appointment as Chief Financial Officer is effective April 15, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Steven A. Johnson is $375,000.
What equity compensation is the new CFO receiving?
Steven A. Johnson will be granted 150,000 stock options, which will vest over three years.
Who is the former CFO, if mentioned?
This filing does not explicitly mention the name of the former CFO.
What is the company's principal executive office address?
The company's principal executive offices are located at 18390 NE 68th Street, Redmond, Washington 98052.
Filing Stats: 433 words · 2 min read · ~1 pages · Grade level 11.4 · Accepted 2024-04-08 17:00:17
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share MVIS The NASDAQ Stock Mar
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-013873.txt ( ) — 206KB
- mvis-20240408.xsd (EX-101.SCH) — 3KB
- mvis-20240408_lab.xml (EX-101.LAB) — 34KB
- mvis-20240408_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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. MICROVISION, INC. By: /s/ Drew G. Markham Drew G. Markham Vice President, General Counsel & Secretary Date: April 8, 2024