VisionWave Holdings, Inc. has increased the annual base salary of Eric T. Shuss, its Chief Operating Officer, to $240,000. The company disclosed the change in a Form 8-K filed with the Securities and Exchange Commission on October 6, 2026, noting that the amendment removes a previous revenue-based trigger for the pay raise.
The amendment, signed on October 2, 2026, modifies the employment agreement originally dated March 13, 2026. Under the original terms, Shuss’s base salary was set at $120,000. The agreement specified that this amount would increase to $240,000 only if the company achieved $3,000,000 in revenue during any 90-day period, a condition defined as the Revenue Condition. The new letter agreement increases Shuss’s base salary to $240,000 effective September 1, 2026, regardless of whether the company met that revenue target. The Revenue Condition is no longer in effect.
The Board of Directors’ Compensation Committee approved the amendment on October 2, 2026. The committee cited Shuss’s performance and contributions to the company as reasons for the increase, as well as a desire to retain his services. The amendment includes a provision for a one-time catch-up payment to cover the difference between the salary paid at the prior rate and the increased rate for the period from September 1, 2026, through October 2, 2026.
Other terms of Shuss’s employment remain unchanged. He retains eligibility for an annual performance bonus and a previously granted stock option. His severance package upon a qualifying termination remains the greater of $500,000 or two times his then-current base salary. VisionWave Holdings is incorporated in Delaware and trades on The Nasdaq Stock Market LLC under the ticker symbols VWAV for common stock and VWAVW for redeemable warrants. Douglas Davis, Chief Executive Officer, signed the report on behalf of the registrant.