secwatch.observer — SEC 8-K summary
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Issuer:     AUDIOEYE INC (AEYE)
CIK:        0001362190
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001104659-25-031250
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362190/000110465925031250/0001104659-25-031250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362190/000110465925031250/tm2511082d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-031250

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