secwatch.observer — SEC 8-K summary
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Issuer:     AUDIOEYE INC (AEYE)
CIK:        0001362190
Form:       8-K
Filed at:   2022-04-08T23:59:59+00:00
Accession:  0001104659-22-044228
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AudioEye CEO David Moradi gets 400,000 RSUs; salary stays $1/year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362190/000110465922044228/0001104659-22-044228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362190/000110465922044228/tm2212194d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-044228

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