secwatch.observer — SEC 8-K summary
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Issuer:     AUDIOEYE INC (AEYE)
CIK:        0001362190
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001104659-23-093927
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362190/000110465923093927/0001104659-23-093927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362190/000110465923093927/tm2324273d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-093927

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