ClearOne CFO to resign Mar 1; completes manufacturing shift, pays $1 special dividend

CLEARONE INC

CFO Narsi Narayanan to resign effective March 1, 2024; departure not due to disagreement, leaving for other company.
Completed outsourced manufacturing transition from China to Singapore in Q4 2023; backlog reduced.
Received over $56M from legal settlements in Q1 2023; paid $1.00 special dividend ($29M) in May 2023.
Fully repaid $1.0M senior secured convertible notes on Dec 17, 2023; company now debt-free.
Regained Nasdaq minimum bid price compliance on Jan 26, 2024, after closing above $1 for 10 days.

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