---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-007608"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:10:01.859341+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Aware, Inc. adopts 2023 Executive Bonus Plan with target bonuses for four officers

## Summary
- CEO Robert Eckel target bonus $154,500; CRO Craig Herman $250,000; CTO Mohamed Lazzouni $143,000; CFO David Barcelo $103,000.
- Bonuses are 70% tied to financial goals (revenue and operating cash flow) and 30% to individualized operational goals.
- 50% payout at 85% of financial goals; 100% payout at 100% of goals, with pro-rata calculation between.
- If revenue target not met at 85%, operational bonus capped at 75% of eligible amount.
- Payment occurs ~45 days after fiscal 2023 close; forfeited if employment terminates for cause or resignation before payout.

## SEC filing metadata
- accession: 0000950170-23-007608
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017023007608/0000950170-23-007608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017023007608/awre-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007608
- JSON: https://secwatch.observer/filing/0000950170-23-007608.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007608.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.