LiveOne names Ryan Carhart CFO; targets $23M+ cost savings, pays down $3.7M debt

LiveOne, Inc.

Ryan Carhart promoted to CFO of LiveOne, PodcastOne and all subsidiaries, effective Feb 19, 2025.
Company anticipates total cash cost savings of over $23 million, including $13 million in new savings.
Paid down $3.7 million of a $7 million loan from East West Bank.
Secured letter of intent with a major commercial bank to refinance remaining debt and provide growth capital.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Aaron Sullivan

Executive Vice President, Chief Financial Officer, Treasurer and Secretary

LVO · LiveOne, Inc.

Effective: 2025-02-19
Successor: Ryan Carhart
Filed: February 25, 2025, 6:59 PM ET

who notified the Company on the Effective Date that he is leaving the Company to pursue another professional opportunity effective as of the Effective Date.

Role change

Ryan Carhart

Chief Financial Officer, Treasurer and Secretary

LVO · LiveOne, Inc.

Effective: 2025-02-19
Filed: February 25, 2025, 6:59 PM ET

Effective as of February 19, 2025 (the “Effective Date”), LiveOne, Inc. (the “Company”) appointed Ryan Carhart, the Company’s current Vice President and Controller, as the Company’s Chief Financial Officer, Treasurer and Secretary, to succeed Aaron Sullivan

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Sullivan departed as Executive Vice President, Chief Financial Officer, Treasurer and Secretary at LiveOne, Inc..

Action: leaving
Role: Executive Vice President, Chief Financial Officer, Treasurer and Secretary

Exact text from the filing

who notified the Company on the Effective Date that he is leaving the Company to pursue another professional opportunity effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan Carhart was appointed as Chief Financial Officer, Treasurer and Secretary at LiveOne, Inc..

Action: appointed
Role: Chief Financial Officer, Treasurer and Secretary

Exact text from the filing

Effective as of February 19, 2025 (the “Effective Date”), LiveOne, Inc. (the “Company”) appointed Ryan Carhart, the Company’s current Vice President and Controller, as the Company’s Chief Financial Officer, Treasurer and Secretary, to succeed Aaron Sullivan

View on SEC.gov

LiveOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-017097

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