---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-043380"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:16:40.391958+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Aware adopts 2024 Executive Bonus Plan with revenue and cash flow targets for four named executives

## Summary
- Target bonuses: CEO Eckel $159,135; CRO Herman $250,000; CTO Lazzouni $153,181; CFO Traverse $50,000.
- Bonuses weighted 70% on financial goals (revenue & cash flow) and 30% on individualized operational goals.
- Revenue goal: 50% payout at 85% of target, 100% at 100%, with up to 150% payout at 110% of target.
- Cash flow goal: linear payout similar to revenue; Eckel, Lazzouni, Traverse weighted 50/50 revenue/cash flow; Herman 85/15.
- Operational goals include ARR targets, cost savings, strategic partner signings, and GAAP net income target.

## SEC filing metadata
- accession: 0000950170-24-043380
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017024043380/0000950170-24-043380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017024043380/awre-20240405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-043380
- JSON: https://secwatch.observer/filing/0000950170-24-043380.json
- Plain text: https://secwatch.observer/filing/0000950170-24-043380.txt

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