secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001213900-24-026066
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID appoints Kunal Mehta to Board, achieves majority independent directors
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- Kunal Mehta appointed as independent director on March 25, 2024; Board now has majority independent directors, complying with Nasdaq Rule 5605(b)(1).
- Compensation includes initial option for 12,500 shares vesting over 3 years, plus 782-share option vesting monthly over 3 months.
- Annual equity award post-2024 Annual Meeting and quarterly cash compensation of $2,000 (or $2,500 for committee chairs).
- Equity grants will be priced on third trading day after Q1 2024 earnings announcement due to closed period.
- Mehta brings 25+ years in GTM strategy from Bain & Company, TCV, Druva, Infoblox, VMware, and Hewlett-Packard.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024026066/0001213900-24-026066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024026066/ea0202605-8k_authidinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-026066

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