ACCURAY INC — Form 10-K
Filed August 27, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 28/100
What the filing says
Accuray Incorporated entered into an employment agreement with Paul Miele effective April 6, 2026, appointing him as Senior Vice President, Chief Commercial Officer. Miele receives base salary of $465,000, target annual bonus of 75% of base ($348,750), initial RSU grant of 650,000 shares vesting over 4 years, performance RSU grant of 650,000 shares at target, and $1,500/month apartment stipend. The agreement includes 12-month non-compete, non-solicit (customers and employees), and confidentiality provisions, with severance of 1x base salary for termination without cause (or enhanced severance including 100% bonus and full equity acceleration upon change in control termination).
Why this rating
New executive hire is routine corporate governance; $465k salary + ~$348k target bonus = ~$813k annual cost is ~0.55% of $146.8M market cap. Equity awards (1.3M shares) dilutive but standard. No material business impact disclosed.
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