AudioEye COO Dominic Varacalli departs; gets $62,500 severance, RSU acceleration

AUDIOEYE INC

Dominic Varacalli resigned as COO effective Aug 18, 2023; will provide transition through Sept 30 as employee, then consultant to Nov 15.
Receives $62,500 cash severance and accelerated vesting of 30,000 RSUs to Nov 15, 2023; remaining unvested RSUs forfeited.
Agrees to one-year non-compete within the U.S. and standard non-disparagement and confidentiality obligations.
Consulting agreement effective Sept 30 to Nov 15, 2023 for transition assistance in exchange for RSU acceleration.

item 5.02 item 9.01

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Departed

Dominic Varacalli

Chief Operating Officer

AEYE · AUDIOEYE INC

Effective: 2023-08-18
Filed: August 21, 2023, 7:59 PM ET

Mr. Varacalli resigned as Chief Operating Officer effective as of August 18, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dominic Varacalli resigned as Chief Operating Officer at AUDIOEYE INC.

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

Mr. Varacalli resigned as Chief Operating Officer effective as of August 18, 2023.

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AUDIOEYE INC filing history →

Source: SEC EDGAR

accession 0001104659-23-093927

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