secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001213900-22-020476
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ipsidy appoints Joseph Trelin to board per terms of $10M credit facility from shareholder Garchik
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- Joseph Trelin appointed as director on April 18, 2022, as designee of Stephen Garchik under $10M standby credit facility.
- Credit facility is unsecured, ranks behind Senior Secured Convertible Notes, draws in tranches.
- Trelin receives initial equity award with Black-Scholes value of $270,000 vesting one-third annually over 3 years.
- After 2023 Annual Meeting, annual award of $90,000 Black-Scholes value vesting over 12 months if re-elected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022020476/0001213900-22-020476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022020476/ea158591-8k_ipsidyinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-020476

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