secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001214659-23-008078
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe appoints Adam Stedham as CEO effective June 19, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923008078/0001214659-23-008078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923008078/x5262308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-008078

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