---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-23-001656"
form_type: "8-K"
ticker: "CLRO"
cik: "0000840715"
company_name: "CLEARONE INC"
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T06:10:55.954311+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# ClearOne eliminates remaining $1M debt, receives $6.9M tax refund, boosts cash to $23.1M

## Summary
- Final $1.0M payment on senior secured convertible notes completed Dec 17, 2023, eliminating all aggregate debt.
- Received $6.9M income tax refund on Dec 8, 2023, increasing cash and marketable securities to over $23.1M.
- Non-exclusive patent cross-licensing agreement expected to bring additional $4.0M cash in Q1 2024.
- All four director nominees re-elected at annual meeting on Dec 28, 2023, including CEO Derek Graham.

## SEC filing metadata
- accession: 0001753926-23-001656
- form_type: 8-K
- ticker: CLRO
- cik: 0000840715
- company_name: CLEARONE INC
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/840715/000175392623001656/0001753926-23-001656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/840715/000175392623001656/clro-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-23-001656
- JSON: https://secwatch.observer/filing/0001753926-23-001656.json
- Plain text: https://secwatch.observer/filing/0001753926-23-001656.txt

## Key facts
- Shareholder Votes
  CLEARONE INC shareholders approved Election of Directors at the 2023-12-28 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-12-28
  source text: Item 5.07. Submission of Matters to a Vote of Security Holders. On December 28, 2023 ClearOne, Inc. (the “Company”) held its 202 3 annual meeting of shareholders (the “Annual Meeting”) at which shareholders voted on the only proposal listed below. The final voting result with respect to the proposal is also set forth below. As of November 10 , 202 3 , the record date for the Annual Meeting, there were 23,960,684 shares of common stock issued and outstanding. Election of Directors: All f our directors were re-elected to serve terms expiring at the 202 4 annual meeting of shareholders or until their successors are duly elected and qualified. Nominee Votes for Votes withheld Votes abstained Broker non-votes Larry R. Hendricks 16,855,823 179,580 — — Lisa B. Higley 16,848,484 186,919 — — Eric L. Robinson 16,878,848 156,855 — — Bruce Whaley 16,845,421 189,982 — —
  evidence_url: https://www.sec.gov/Archives/edgar/data/840715/000175392623001656/0001753926-23-001656-index.htm

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