secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000950170-23-000328
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023000328/0000950170-23-000328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023000328/veri-20221231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000328

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer