secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001214659-23-016168
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe board approves $500K share repurchase plan and reduces director compensation by 50%
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- Board authorized repurchase of up to $500,000 in common stock through December 31, 2024.
- Annual director equity retainer reduced by 50% starting after the 2024 shareholder meeting.
- Committee chair and Lead Independent Director compensation also cut by 50%.
- Board members did not receive compensation for first five months of 2023.
- Board members participated in VerifyMe's last two capital raises and continue open-market purchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923016168/0001214659-23-016168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923016168/z1272328k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-016168

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