Auddia CEO Lawless retires, Thramann appointed; board revamped to evaluate AI holding company

AUDDIA INC.

CEO Michael Lawless retired effective July 7, 2025; Jeff Thramann, Executive Chairman, appointed CEO.
Three independent directors (Hanlon, Birch, Deitsch) resigned; Balletta, Boucaud, Sroge appointed as replacements.
New board formed special committee of independent members to evaluate restructuring into an AI native holding company.
Proposed restructuring would make Auddia a wholly owned subsidiary of the holding company; no assurances of consummation.
Thramann will oversee restructuring; if completed, a new Auddia CEO expected to be named.

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