Ideal Power Inc. (IPWR) announced significant management changes effective October/November 2025.
CEO Transition Details: R. Daniel Brdar retired as CEO effective November 2, 2025, entering a 12-month transition services agreement as an Independent Contractor focusing on employee transition, supply chain, and investor relations. His agreement includes a General Release of Claims. Certain time-based RSUs vest contingent upon continued service, while 2022 PSUs were forfeited. Stock options fully vested and are exercisable for three months post-transition.
David Somo was appointed as the ne
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