---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-034615"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2026-07-24T21:12:54+00:00"
generated_at: "2026-07-24T21:14:14.591974+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Algorhythm settles $1.93M debt with up to 5M shares; amends CEO/CFO employment agreements

## Summary
- Settlement with Continuation Capital: issue up to 5M shares to satisfy $1,928,014 in liabilities; court approved under Section 3(a)(10).
- CEO Gary Atkinson amended agreement: $360K base salary, annual bonus up to 50% of base, stock option for 5% of fully diluted shares.
- CFO Alex Andre amended agreement harmonizes change-in-control treatment; both executives get lump-sum bonus equal to base salary plus max annual bonus upon change of control.
- Shares issued to CCI cannot exceed 19.99% of outstanding common stock at any time.
- Settlement avoids litigation and uses private placement exemption from registration.

## SEC filing metadata
- accession: 0001493152-26-034615
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2026-07-24T21:12:54+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315226034615/0001493152-26-034615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315226034615/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-034615
- JSON: https://secwatch.observer/filing/0001493152-26-034615.json
- Plain text: https://secwatch.observer/filing/0001493152-26-034615.txt

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