VerifyMe appoints Adam Stedham as CEO effective June 19, 2023

VerifyMe, Inc.

Adam Stedham named CEO, replacing interim CEO Scott Greenberg who stays as Chairman.
Stedham receives $300k base salary, bonus up to 50% base based on Adjusted EBITDA.
Equity grants: 34,014 RSA, 204,082 time-based RSUs (3-yr vest), 550,000 PSUs with price targets ($2.21/$2.94/$3.68).
Stedham previously led GP Strategies (sold for ~$400M, revenue >$450M).
Employment agreement initial term 2 years; severance provisions included for termination without cause.

item 5.02 item 8.01 item 9.01

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Appointed

Adam Stedham

Chief Executive Officer

VRME · VerifyMe, Inc.

Effective: 2023-06-19
Filed: May 31, 2023, 7:59 PM ET

On May 24, 2023, the board of directors (the “Board”) of VerifyMe, Inc. (the “Company”) appointed Mr. Adam Stedham to serve as Chief Executive Officer of the Company, effective June 19, 2023 (the “Effective Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Stedham was appointed as Chief Executive Officer at VerifyMe, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 24, 2023, the board of directors (the “Board”) of VerifyMe, Inc. (the “Company”) appointed Mr. Adam Stedham to serve as Chief Executive Officer of the Company, effective June 19, 2023 (the “Effective Date”).

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VerifyMe, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-008078

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