secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0000950170-24-043380
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024043380/0000950170-24-043380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024043380/awre-20240405.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-043380

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