secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001683168-23-008909
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia appoints John Mahoney as CFO with $275K base salary and inducement options
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- John E. Mahoney appointed CFO effective December 12, 2023; start date November 27, 2023.
- Annual base salary of $275,000; eligible for annual bonus up to 50% of base, at board discretion.
- Inducement stock options granted: 275,000 shares vesting in 4 equal annual installments; 192,500 shares vesting 50% at 2 years then 25% annually.
- Options have exercise price of $0.25 per share (closing price on grant date) and 10-year term.
- If terminated without cause or for good reason, receives 9 months base salary and COBRA reimbursement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823008909/0001683168-23-008909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823008909/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-008909

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