Aware names Ajay Amlani CEO with $400K salary and 1.06M share options

AWARE INC /MA/

Appointed CEO and President effective Feb 3, 2025; replaces Robert Eckel (retired).
David Traverse steps down as interim CEO but remains CFO.
Base salary $400K, target bonus 50% of base, signing bonus $75K.
Stock options: 848,157 shares vest over 4 years; 212,040 performance-based options tied to bookings growth.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ajay Amlani

Chief Executive Officer and President

AWRE · AWARE INC /MA/

Effective: 2025-02-03
Filed: February 5, 2025, 6:59 PM ET

The Board of Directors of Aware, Inc. (“Aware”) appointed Ajay Amlani to serve as Chief Executive Officer and President of Aware and as a Class III member of the Board of Directors of Aware, effective February 3, 2025.

Role change

David K. Traverse

Chief Financial Officer

AWRE · AWARE INC /MA/

Effective: 2025-02-03
Successor: Ajay Amlani
Filed: February 5, 2025, 6:59 PM ET

David K. Traverse resigned his positions as Interim Chief Executive Officer and President of Aware, effective February 3, 2025. Mr. Traverse remains Aware’s Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Amlani was appointed as Chief Executive Officer and President at AWARE INC /MA/.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

The Board of Directors of Aware, Inc. (“Aware”) appointed Ajay Amlani to serve as Chief Executive Officer and President of Aware and as a Class III member of the Board of Directors of Aware, effective February 3, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David K. Traverse resigned as Chief Financial Officer at AWARE INC /MA/.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

David K. Traverse resigned his positions as Interim Chief Executive Officer and President of Aware, effective February 3, 2025. Mr. Traverse remains Aware’s Chief Financial Officer.

View on SEC.gov

AWARE INC /MA/ filing history →

Source: SEC EDGAR

accession 0000950170-25-013916

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