IEH Corp (IEHC) Form 8-K — Oct 27, 2026
IEH Corporation filed an 8-K disclosing a new three-year employment agreement with CFO, Treasurer and Corporate Secretary Subrata Purkayastha, effective November 1, 2026 through October 31, 2029. This is a retention/reappointment of the existing CFO, not a departure or new external hire. Under the agreement, she receives a base salary of $293,950 per the 8-K body ($273,950 per the agreement text, a filing inconsistency worth noting), a bonus opportunity of up to 100% of base salary, and an immediately vested grant of 35,000 options at $29.60 per share.
Key figures
- Agreement term
- November 1, 2026 to October 31, 2029
- Options granted
- 35000
- Severance months
- 24
- Bonus opportunity max
- 100% of base salary
- Option exercise price
- 29.6
- Non competition period
- 2 years
- Change in control lump sum
- 2x base salary plus prior-year bonus
- Base salary per annum 8k disclosure
- 293950
- Base salary per annum agreement text
- 273950
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