CEO David Moradi extends contract to Jan 2027, salary reduced to $1; Exec Chairman Bettis to exit board

AUDIOEYE INC

CEO Moradi's employment term extended from Aug 20, 2025 to Jan 9, 2027; base salary reduced to $1/year starting Q2 2025.
Moradi granted 241,444 RSUs: 81,444 vest Jan 9, 2026; 160,000 vest Jan 9, 2027; accelerated vesting on termination w/o cause or change in control.
Performance period for two PSA tranches (MRR >= $5M, VWAP > $50) extended to Jan 9, 2027; unachieved PSAs forfeited.
Executive Chairman Carr Bettis will not stand for re-election at May 23, 2025 annual meeting; board reduces to 4 members; Moradi appointed Chairman.

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

David Moradi

Chairman of the Board

AEYE · AUDIOEYE INC

Effective: 2025-05-23
Filed: April 2, 2025, 7:59 PM ET

The Board of Directors has appointed Mr. Moradi to the position of Chairman of the Board, effective on the date of the 2025 Annual Meeting.

Departed

Carr Bettis

Executive Chairman

AEYE · AUDIOEYE INC

Effective: 2025-05-23
Successor: David Moradi
Filed: April 2, 2025, 7:59 PM ET

As a result of Dr. Bettis’ term as a director ending at the 2025 Annual Meeting, Dr. Bettis’ position as Executive Chairman of the Board will terminate, and the Executive Employment Agreement, dated as of July 1, 2015, between Dr. Bettis and Company will terminate, effective on the date of the 2025 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Moradi was appointed as Chairman of the Board at AUDIOEYE INC.

Action: appointed
Role: Chairman of the Board

Exact text from the filing

The Board of Directors has appointed Mr. Moradi to the position of Chairman of the Board, effective on the date of the 2025 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carr Bettis was terminated as Executive Chairman at AUDIOEYE INC.

Action: terminated
Role: Executive Chairman

Exact text from the filing

As a result of Dr. Bettis’ term as a director ending at the 2025 Annual Meeting, Dr. Bettis’ position as Executive Chairman of the Board will terminate, and the Executive Employment Agreement, dated as of July 1, 2015, between Dr. Bettis and Company will terminate, effective on the date of the 2025 Annual Meeting.

View on SEC.gov

AUDIOEYE INC filing history →

Source: SEC EDGAR

accession 0001104659-25-031250

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