---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-064012"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T01:54:49.063037+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-064012
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017023064012/0000950170-23-064012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017023064012/awre-20231113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-064012
- JSON: https://secwatch.observer/filing/0000950170-23-064012.json
- Plain text: https://secwatch.observer/filing/0000950170-23-064012.txt

## Key facts
- Executive change
  David Barcelo departed as Chief Financial Officer and Treasurer at AWARE INC /MA/.
  - Action: left
  - Role: Chief Financial Officer and Treasurer
  source text: As previously announced, David Barcelo, the former Chief Financial Officer and Treasurer of Aware, Inc. (the “Company”), has left the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017023064012/0000950170-23-064012-index.htm

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