---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-24-000359"
form_type: "8-K"
ticker: "CLRO"
cik: "0000840715"
company_name: "CLEARONE INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:24:48.154512+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001753926-24-000359
- form_type: 8-K
- ticker: CLRO
- cik: 0000840715
- company_name: CLEARONE INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/840715/000175392624000359/0001753926-24-000359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/840715/000175392624000359/clro-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-24-000359
- JSON: https://secwatch.observer/filing/0001753926-24-000359.json
- Plain text: https://secwatch.observer/filing/0001753926-24-000359.txt

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