ClearOne terminates CEO Zeynep Hakimoglu; appoints Derek Graham as interim CEO

CLEARONE INC

Zeynep Hakimoglu terminated as President, CEO, and employee on May 24, 2022; not renominated to Board.
Derek Graham, SVP of R&D since 2003, named interim CEO effective immediately.
Hakimoglu resigns from Board; Board size reduced from 5 to 4.
Hakimoglu's letter describes her termination as 'unfair and abrupt' and cites lack of explanation.
Core management team remains; Graham supported by existing VPs (CFO, engineering, sales).

item 7.01 item 5.02 item 9.01

Executive movements

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Departed

Zeynep Hakimoglu

Director

CLRO · CLEARONE INC

Filed: May 26, 2022, 7:59 PM ET

esignation from the Board, Ms. Hakimoglu furnished the Board with the letter that is filed herewith as Exhibit 99.1.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.7

Zeynep Hakimoglu resigned as Director at CLEARONE INC.

Action: resigned
Role: Director

Exact text from the filing

esignation from the Board, Ms. Hakimoglu furnished the Board with the letter that is filed herewith as Exhibit 99.1.

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CLEARONE INC filing history →

Source: SEC EDGAR

accession 0001753926-22-000807

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