AYRO CFO David Hollingsworth exits; Executive Chairman Silverman named interim CFO

Fabric.AI, Inc.

CFO David Hollingsworth resigned March 1, 2024 under mutual separation with $225,000 severance paid over 12 months.
Executive Chairman Joshua Silverman appointed interim principal financial and accounting officer.
Silverman's annual cash compensation raised to $280,000, retroactive to December 1, 2023.
Company reported $47.9M cash and equivalents as of September 30, 2023; restructuring plan ongoing to lower burn rate.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David E. Hollingsworth

Chief Financial Officer

FABC · Fabric.AI, Inc.

Effective: 2024-03-01
Successor: Joshua Silverman
Filed: March 7, 2024, 6:59 PM ET

On March 1, 2024, of AYRO, Inc. (the “Company”) and David E. Hollingsworth mutually agreed on the separation of Mr. Hollingsworth from his position as Chief Financial Officer of the Company, effective as of March 1, 2024

Appointed (interim)

Joshua Silverman

interim principal financial officer and principal accounting officer

FABC · Fabric.AI, Inc.

Effective: 2024-03-01
Filed: March 7, 2024, 6:59 PM ET

the Company’s board of directors (the “Board”) appointed Joshua Silverman, who currently serves as the Company’s Executive Chairman and principal executive officer, to the position of interim principal financial officer and principal accounting officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David E. Hollingsworth resigned as Chief Financial Officer at Fabric.AI, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On March 1, 2024, of AYRO, Inc. (the “Company”) and David E. Hollingsworth mutually agreed on the separation of Mr. Hollingsworth from his position as Chief Financial Officer of the Company, effective as of March 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joshua Silverman was appointed as interim principal financial officer and principal accounting officer at Fabric.AI, Inc..

Action: appointed
Role: interim principal financial officer and principal accounting officer

Exact text from the filing

the Company’s board of directors (the “Board”) appointed Joshua Silverman, who currently serves as the Company’s Executive Chairman and principal executive officer, to the position of interim principal financial officer and principal accounting officer

View on SEC.gov

Fabric.AI, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-009238

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