CFO David Barcelo departs Aware; severance includes $265k salary continuation and accelerated vesting

AWARE INC /MA/

CFO David Barcelo left the company effective Oct 31, 2023; separation agreement signed Nov 13, 2023.
Severance includes $265,224.98 salary continuation for 12 months, plus accelerated vesting of time-based equity through Oct 31, 2024.
Agreement includes noncompetition through Oct 31, 2024 and release of claims by Barcelo.
No replacement CFO named; David K. Traverse remains Principal Financial Officer.

item 5.02 item 9.01

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Departed

David Barcelo

Chief Financial Officer and Treasurer

AWRE · AWARE INC /MA/

Effective: 2023-10-31
Filed: November 15, 2023, 6:59 PM ET

As previously announced, David Barcelo, the former Chief Financial Officer and Treasurer of Aware, Inc. (the “Company”), has left the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

David Barcelo departed as Chief Financial Officer and Treasurer at AWARE INC /MA/.

Action: left
Role: Chief Financial Officer and Treasurer

Exact text from the filing

As previously announced, David Barcelo, the former Chief Financial Officer and Treasurer of Aware, Inc. (the “Company”), has left the Company.

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AWARE INC /MA/ filing history →

Source: SEC EDGAR

accession 0000950170-23-064012

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