---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009238"
form_type: "8-K"
ticker: "FABC"
cik: "0001086745"
company_name: "Fabric.AI, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:07:02.537543+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-009238
- form_type: 8-K
- ticker: FABC
- cik: 0001086745
- company_name: Fabric.AI, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086745/000149315224009238/0001493152-24-009238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086745/000149315224009238/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009238
- JSON: https://secwatch.observer/filing/0001493152-24-009238.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009238.txt

## Key facts
- Executive change
  David E. Hollingsworth resigned as Chief Financial Officer at Fabric.AI, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086745/000149315224009238/0001493152-24-009238-index.htm
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086745/000149315224009238/0001493152-24-009238-index.htm

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