Veritone names Ryan Steelberg CEO; Chad Steelberg enters consulting deal with up to $3.5M in bonuses

Veritone, Inc.

Chad Steelberg resigned as CEO effective Dec 31, 2022; Ryan Steelberg appointed President and CEO effective Jan 1, 2023.
Company entered consulting agreement with Chad Steelberg's affiliate Steel Holdings LLC, effective Jan 1, 2023, for $41,666/month.
Consulting agreement provides performance bonuses up to $3.5M in cash and RSUs based on Product, Customer, Analyst Validation and Transition goals.
Agreement auto-renews yearly if performance goals met; can be terminated with 90 days notice; change-in-control triggers acceleration of payments.

item 5.02 item 9.01

Executive movements

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Appointed

Ryan Steelberg

President and Chief Executive Officer

VERI · Veritone, Inc.

Effective: 2023-01-01
Filed: January 6, 2023, 6:59 PM ET

on January 1, 2023, the Company appointed Ryan Steelberg as President and Chief Executive Officer.

Departed

Chad Steelberg

Chief Executive Officer

VERI · Veritone, Inc.

Effective: 2022-12-31
Successor: Ryan Steelberg
Filed: January 6, 2023, 6:59 PM ET

Chad Steelberg resigned as Chief Executive Officer of the Company effective as of December 31, 2022,

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan Steelberg was appointed as President and Chief Executive Officer at Veritone, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

on January 1, 2023, the Company appointed Ryan Steelberg as President and Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chad Steelberg resigned as Chief Executive Officer at Veritone, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Chad Steelberg resigned as Chief Executive Officer of the Company effective as of December 31, 2022,

View on SEC.gov

Veritone, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-000328

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