---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-012000"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2024-07-05T23:59:59+00:00"
generated_at: "2026-05-31T23:16:47.414369+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# VerifyMe CEO and CFO take 10% salary reduction, get RSUs at $1.60/share

## Summary
- CEO Adam Stedham and CFO Nancy Meyers each agreed to 10% annual base salary reduction effective July 1, 2024 through Dec 31, 2025.
- In exchange, they receive RSU grants on July 1, 2024 and each Jan 1 thereafter; number of shares = salary reduction amount divided by $1.60.
- RSUs vest fully on Jan 1 following grant; pro-rata vesting on termination (except for cause); unvested RSUs forfeited on cause termination.
- Salary reduction does not affect bonus calculations; bonuses continue based on pre-reduction base salary.

## SEC filing metadata
- accession: 0001214659-24-012000
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2024-07-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465924012000/0001214659-24-012000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465924012000/e732438k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-012000
- JSON: https://secwatch.observer/filing/0001214659-24-012000.json
- Plain text: https://secwatch.observer/filing/0001214659-24-012000.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.