Amendment to Consulting Agreement

2026-04-07SEC Filing 8-K (0001437749-26-011547)

Accuray Incorporated has amended its Consulting Agreement with Dedication Capital, LLC, an affiliate of board member Steven F. Mayer. Effective April 1, 2026, the amendment reduces cash compensation and modifies equity vesting terms. Specifically, the Base Consulting Fee for the period after March 31, 2026, through October 31, 2026, is reduced by 50%. Minimum payable amounts for the fiscal year 2026 cash incentive award and the September 30, 2026, mid-year cash incentive award are also reduced by 50%. Additionally, the time-based vesting for 916,336 shares of Initial Restricted Shares and 100% of the PSAs is deemed satisfied as of April 1, 2026, with the remaining 333,004 Initial Restricted Shares vesting on October 31, 2026. The End Date of the agreement has been extended to October 31, 2026. These changes are expected to save the Company at least $362,500 in cash.

Ticker mentioned:ARAY