secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001493152-26-008357
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315226008357/0001493152-26-008357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315226008357/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008357

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer