{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-018987","form_type":"8-K","ticker":"AUID","cik":"0001534154","company_name":"authID Inc.","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.471420+00:00","generated_at":"2026-06-18T05:26:59.817324+00:00","sec_items":["1.01","5.02","2.03","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"authID closes $3.6M financing with investor Garchik; CEO Thimot to resign by April, four new directors appointed","bullets":["Initial $900K draw from $3.6M facility; subsequent $2.7M subject to conditions, intended to fund working capital through Q1 2024.","CEO Tom Thimot resigns effective upon appointment of successor or April 3, 2023; company in negotiations for new CEO.","Five directors resigned: Phillip Kumnick, Philip Broenniman, Michael Gorriz, Neepa Patel, and Tom Thimot (from board).","Four new directors appointed: Rhon Daguro, Ken Jisser, Thomas Szoke, Michael Thompson; board reduced from 8 to 7.","Interest on initial note 15% (12% if secured); note matures March 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-018987","json":"https://secwatch.observer/filing/0001213900-23-018987.json","markdown":"https://secwatch.observer/filing/0001213900-23-018987.md","text":"https://secwatch.observer/filing/0001213900-23-018987.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/ea174977-8k_authid.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:26:59.817324+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0911466567","claim":"Michael A. Gorriz resigned as Director at authID Inc..","evidence_excerpt":"Before the A&R Facility Agreement was entered into, Mr. Thimot, Phillip L. Kumnick, Philip R. Broenniman, Michael A. Gorriz and Neepa Patel (the “Retiring Directors”) tendered their resignations from the Board of Directors of the Company, to be held in escrow until the Initial Funding.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"101bc7bccd","claim":"Tom Thimot resigned as Director at authID Inc..","evidence_excerpt":"Before the A&R Facility Agreement was entered into, Mr. Thimot, Phillip L. Kumnick, Philip R. Broenniman, Michael A. Gorriz and Neepa Patel (the “Retiring Directors”) tendered their resignations from the Board of Directors of the Company, to be held in escrow until the Initial Funding.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"30f2f22b61","claim":"Neepa Patel resigned as Director at authID Inc..","evidence_excerpt":"Before the A&R Facility Agreement was entered into, Mr. Thimot, Phillip L. Kumnick, Philip R. Broenniman, Michael A. Gorriz and Neepa Patel (the “Retiring Directors”) tendered their resignations from the Board of Directors of the Company, to be held in escrow until the Initial Funding.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3721001e16","claim":"Michael Thompson was appointed as Director at authID Inc..","evidence_excerpt":"On March 9, 2023, the Board of Directors appointed Messrs. Daguro, Jisser, Thompson and Szoke as additional directors of the Company (the “Additional Directors”) and reduced the size of the Board of Directors from 8 directors to 7 directors, with effect from the resignations of the Retiring Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3a1bfe9abf","claim":"Thomas Szoke was appointed as Director at authID Inc..","evidence_excerpt":"On March 9, 2023, the Board of Directors appointed Messrs. Daguro, Jisser, Thompson and Szoke as additional directors of the Company (the “Additional Directors”) and reduced the size of the Board of Directors from 8 directors to 7 directors, with effect from the resignations of the Retiring Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5af3186699","claim":"Phillip L. Kumnick resigned as Director at authID Inc..","evidence_excerpt":"Before the A&R Facility Agreement was entered into, Mr. Thimot, Phillip L. Kumnick, Philip R. Broenniman, Michael A. Gorriz and Neepa Patel (the “Retiring Directors”) tendered their resignations from the Board of Directors of the Company, to be held in escrow until the Initial Funding.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"69a2664169","claim":"Rhon Daguro was appointed as Director at authID Inc..","evidence_excerpt":"On March 9, 2023, the Board of Directors appointed Messrs. Daguro, Jisser, Thompson and Szoke as additional directors of the Company (the “Additional Directors”) and reduced the size of the Board of Directors from 8 directors to 7 directors, with effect from the resignations of the Retiring Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9c55384da4","claim":"Philip R. Broenniman resigned as Director at authID Inc..","evidence_excerpt":"Before the A&R Facility Agreement was entered into, Mr. Thimot, Phillip L. Kumnick, Philip R. Broenniman, Michael A. Gorriz and Neepa Patel (the “Retiring Directors”) tendered their resignations from the Board of Directors of the Company, to be held in escrow until the Initial Funding.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c68c5abd5f","claim":"Ken Jisser was appointed as Director at authID Inc..","evidence_excerpt":"On March 9, 2023, the Board of Directors appointed Messrs. Daguro, Jisser, Thompson and Szoke as additional directors of the Company (the “Additional Directors”) and reduced the size of the Board of Directors from 8 directors to 7 directors, with effect from the resignations of the Retiring Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e701efb0d8","claim":"Tom Thimot resigned as Chief Executive Officer at authID Inc..","evidence_excerpt":"On March 6, 2023, Mr. Thimot tendered his resignation as Chief Executive Officer to the Company, effective upon the earlier of the appointment of his successor and April 3, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"bfb2fc1d02f892e27413d4950c4f08ed7c29f35c","claim":"authID Inc. entered into Amended and Restated Facility Agreement with Stephen J. Garchik valued at $900,000 initial credit facility; $2,700,000 subsequent funding (effective 2023-03-08).","evidence_excerpt":"On March 8, 2023, the Company entered into an Amended and Restated Facility Agreement with Garchik, pursuant to which the Company and Garchik amended and restated the Original Facility Agreement in its entirety (the “ A&R Facility Agreement ”), to replace the credit facility contemplated by the Original Facility Agreement with (i) an initial credit facility to the Company in an amount of $900,000 (the “ Initial Funding ”) and (ii) the parties to use their reasonable best efforts after the Initial Funding to negotiate the terms of a subsequent credit facility in the aggregate amount of $2,700,000 (the “ Subsequent Funding ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534154/000121390023018987/0001213900-23-018987-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Stephen J. Garchik"},{"label":"Value","value":"$900,000 initial credit facility; $2,700,000 subsequent funding"},{"label":"Effective","value":"2023-03-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}