Accuray (NASDAQ: ARAY) signs transition deal with ex legal chief

Rhea-AI Filing Summary

Accuray Incorporated entered into a consulting agreement with its Senior Vice President, Chief Legal Officer and Corporate Secretary, Jesse Chew, in connection with his departure on September 19, 2025. The agreement covers transition and consulting services from September 19, 2025 through December 31, 2025.

For these services, Mr. Chew will receive a $20,000 monthly retainer and continued vesting of his outstanding Accuray equity awards during the consulting term. The full consulting agreement is included as an exhibit to the report.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 19, 2025

ACCURAY INCORPORATED

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-33301	20-8370041
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1240 Deming Way
Madison, Wisconsin				53717-1954
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 608 824-2800

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value per share		ARAY		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On September 19, 2025, Accuray Incorporated (the “Company”) entered into a consulting agreement with Jesse Chew, its Senior Vice President, Chief Legal Officer and Corporate Secretary, to assist in the transition of his responsibilities after his departure from the Company on September 19, 2025. Mr. Chew will provide consulting and transition services from September 19, 2025 through December 31, 2025 and is entitled to receive a retainer of $20,000 per month and continued vesting of his outstanding Company equity awards for the term of his consultancy, which is filed as Exhibit 10.1 hereto.

The foregoing description of the Consulting Agreement is a summary only and is qualified in its entirety by the full text of the Consulting Agreement, which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Consulting Agreement by and between Jesse Chew and Accuray Incorporated, dated September 19, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ACCURAY INCORPORATED
Dated: September 19, 2025	By:	/s/ Jesse Chew
		Jesse Chew
		Senior Vice President, Chief Legal Officer and Corporate Secretary

FAQ

What did Accuray (ARAY) disclose about Jesse Chew in this 8-K?

Accuray disclosed that Senior Vice President, Chief Legal Officer and Corporate Secretary, Jesse Chew, departed the company on September 19, 2025, and entered into a consulting agreement to support the transition of his responsibilities through December 31, 2025.

What are the key terms of Jesse Chew’s consulting agreement with Accuray (ARAY)?

Under the consulting agreement, Jesse Chew will provide consulting and transition services from September 19, 2025 through December 31, 2025. He will receive a monthly retainer of $20,000 and continued vesting of his outstanding Accuray equity awards during this period.

How long will Jesse Chew consult for Accuray (ARAY) after his departure?

Jesse Chew will provide consulting and transition services to Accuray from September 19, 2025 through December 31, 2025. This period is intended to help transition his former responsibilities following his departure as Senior Vice President, Chief Legal Officer and Corporate Secretary.

What compensation will Accuray (ARAY) pay Jesse Chew under the consulting deal?

Accuray will pay Jesse Chew a $20,000 monthly retainer for his consulting and transition services. In addition, he will continue to vest in his outstanding company equity awards for the duration of the consulting term ending December 31, 2025.

Where can investors find the full text of Jesse Chew’s consulting agreement with Accuray (ARAY)?

The full text of Jesse Chew’s consulting agreement with Accuray is filed as Exhibit 10.1 to the report. The company states that the brief description provided is only a summary and is qualified by the complete agreement.