Accuray Incorporated filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

false 0001138723 0001138723 2026-03-13 2026-03-13

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

 

As previously disclosed, Sandeep Chalke, the Senior Vice President, Chief Commercial Officer of Accuray Incorporated (the “Company”), will depart from the company effective March 31, 2026. In connection with Mr. Chalke’s departure, on March 13, 2026, the Company entered into a separation agreement and general release (the “Separation Agreement”) with Mr. Chalke. The Separation Agreement provides for (i) the vesting of Mr. Chalke’s equity grants that were due to vest on May 31, 2026 under the Company’s Equity Incentive Plan, with all equity due to vest after that date forfeited, (ii) a lump sum payment of $459,000, equal to twelve (12) months of Mr. Chalke’s annual base salary; and (iii) a pro-rated portion of the bonus Mr. Chalke would have received for the Company’s fiscal year 2026 under the Company’s bonus plan, payable at the same time as bonuses are paid to other Company executives. These benefits are provided in lieu of any other severance payments or noncompetition consideration under prior agreements, and the Separation Agreement, which includes a general release of claims, becomes effective upon expiration of a seven-business-day revocation period following execution.

 

The foregoing summary of the terms of the Separation Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Separation Agreement, a copy of which is filed as an Exhibit 10.1 hereto.

 

 

 

 

 

 

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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 thereunto duly authorized.

 

 

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