Algorhythm Holdings enters new CEO employment agreement with Gary Atkinson; $360K base, 740K stock options

Algorhythm Holdings, Inc.

CEO Gary Atkinson entered amended employment agreement effective February 23, 2026, with three-year term and automatic renewals.
Base salary of $360,000 per annum; annual bonus up to 50% of base, half subject to performance targets.
Stock option granted to purchase 740,597 shares at $1.84 per share, vesting quarterly over 4 years.
Severance: 2x base salary plus max bonus if terminated without cause or for good reason, subject to release.
Change-in-control bonus equals base salary plus max annual bonus; equity accelerates upon qualifying termination.

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