leadership
confidence high
sentiment neutral
materiality 0.50
AudioEye CEO David Moradi gets 400,000 RSUs; salary stays $1/year
AUDIOEYE INC
- Amended employment agreement with CEO David Moradi effective April 5, 2022; salary remains $1 per year.
- Subject to stockholder approval, Moradi receives 400,000 RSUs vesting in tranches from Jan 2023 to Aug 2025.
- RSUs accelerate vesting on termination without cause, death, or change in control before Aug 20, 2025.
- Agreement clarifies title change from Interim CEO to CEO does not trigger vesting of prior equity awards.
- Term runs through August 20, 2025; no severance provided except as in equity award agreements.