VisionWave Holdings: amendment to COO employment agreement

What happened

• VisionWave Holdings entered into a letter agreement (the “Amendment”) with Eric T. Shuss, the company’s chief operating officer and a member of the board, amending the Employment Agreement dated Mar 13, 2026.
• The Amendment, approved by the compensation committee on Oct 2, 2026, increases Mr. Shuss’s annual base salary to $240,000 effective Sep 1, 2026, without regard to the prior revenue-based condition. The Amendment provides a one-time catch-up payment for the difference between base salary paid for the period from Sep 1, 2026 through the date of the Amendment at the prior rate and base salary payable for such period at the increased rate.

Key details

• Prior Revenue Condition required $3,000,000 in revenue during any 90-day period to trigger the salary increase; that Revenue Condition is of no further force or effect.
• The compensation committee approved the increase on Oct 2, 2026.
• The Amendment does not modify other terms of the Employment Agreement, including Mr. Shuss’s eligibility for an annual performance bonus, the stock option previously granted, or severance payable upon a qualifying termination (the greater of $500,000 or two times his then-current base salary).

Why it may matter

• This filing reports Item 5.02 (departure of directors or certain officers; election of directors) and covers an amendment to the employment agreement of a named executive officer and director.
• A filing does not show why the insider traded or why the company acted.