Company: PDEX
Filing Date: 2025-11-21
Form Type: 8-K
Source: 0001553350-25-000115
Chunk: 0

Company: PRO DEX INC
Filing Date: 2025-11-21
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

Grant of
Restricted Shares Awards

On November 20,
2025, the Compensation Committee of the Board of Directors of Pro-Dex, Inc. (the “ Company”) approved the grant of restricted
common shares under the Company’s 2016 Equity Incentive Plan to the Company’s non-employee directors and to select employees,
including 1,000 restricted shares granted to Alisha K. Charlton, the Company’s Chief Financial Officer, vesting ratably over five
years.

The restricted
shares were granted pursuant to Restricted Shares Award Agreements (the “ Award Agreements”), which contain terms and provisions
customary for awards of this type, including that, in most instances, the employee must continue to be employed by the Company as of the
applicable vesting date. A copy of the form of Award Agreement was attached as Exhibit 10.1 to the Current Report on Form 8-K filed with
the Securities and Exchange Commission on November 25, 2024. The foregoing description of the Award Agreements is qualified in its entirety
by reference to the complete text of the form of Award Agreement.

Compensation
of Chief Executive Officer

On November 20,
2025, the Compensation Committee of the Board of Directors of Company approved a discretionary cash bonus to Richard L. Van Kirk, the
Company’s Chief Executive Officer, of $30,830, which was calculated as the value of 1,000 shares of our common stock based on the
closing sales price on the Nasdaq Capital Market on November 20, 2025. The bonus will be paid in cash in the next bi-weekly pay period
with a pay date of November 26, 2025.