secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2022-06-08T23:59:59+00:00
Accession:  0001213900-22-031794
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoundHound AI sets CEO $450k salary, 720k RSUs; adopts director compensation policy
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- CEO Mohajer base salary $450k, CFO Sharan $350k, CTO Stonehocker $335k; all effective retroactive to May 1, 2022.
- CEO receives 720,000 RSUs with 4-year quarterly vest and 480,000 PSUs with revenue/cash-flow/stock-price targets.
- PSUs vest 25% each on $100M GAAP revenue, cash-flow positive, 90-day avg stock price $15, then $20.
- Non-employee director policy: $32k annual retainer, $380k initial RSU (3-year vest), $165k annual RSU.
- In Change of Control, CEO severance rises to 12 months base salary plus 12 months COBRA and accelerated RSU vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022031794/0001213900-22-031794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022031794/ea161309-8k_soundhound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-031794

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer