---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044973"
form_type: "8-K"
ticker: "FABC"
cik: "0001086745"
company_name: "Fabric.AI, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:40:22.392505+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AYRO CEO Wittenschlaeger resigns; Silverman named Executive Chairman, Hollingsworth Interim President

## Summary
- CEO Thomas Wittenschlaeger resigned Dec 13, 2023; no disagreement cited. Severance: 12 months base salary ($280K), $114,800 bonus, COBRA for up to 12 months.
- Chairman Joshua Silverman appointed Principal Executive Officer and Executive Chairman, effective Dec 14, 2023, with no additional compensation.
- CFO David Hollingsworth appointed Interim President of AYRO Operating Company; salary increased to $270K/year plus $25K one-time bonus.
- Company reports $48M cash, 4.9M shares outstanding; focused on cost rationalization, partnerships, and minimizing cash burn.

## SEC filing metadata
- accession: 0001493152-23-044973
- form_type: 8-K
- ticker: FABC
- cik: 0001086745
- company_name: Fabric.AI, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086745/000149315223044973/0001493152-23-044973-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086745/000149315223044973/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044973
- JSON: https://secwatch.observer/filing/0001493152-23-044973.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044973.txt

## Key facts
- Executive change
  Thomas M. Wittenschlaeger resigned as Chief Executive Officer at Fabric.AI, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On December 11, 2023, Thomas M. Wittenschlaeger, who served as Chief Executive Officer of AYRO, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), tendered his resignation from his roles as an officer, employee and director of the Company, effective as of December 13, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086745/000149315223044973/0001493152-23-044973-index.htm
- Executive change
  Joshua Silverman was appointed as Principal Executive Officer and Executive Chairman at Fabric.AI, Inc..
  - Action: appointed
  - Role: Principal Executive Officer and Executive Chairman
  source text: On December 14, 2023, the Board appointed Joshua Silverman, the Company’s current Chairman of the Board, to the position of Principal Executive Officer and Executive Chairman, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086745/000149315223044973/0001493152-23-044973-index.htm

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