ClearOne files Form 8937 to correct 2024 special dividend tax reporting as return of capital

CLEARONE INC

Special $0.50/share dividend paid April 10, 2024 should have been reported as return of capital, not ordinary dividend.
Some street-name shareholders received incorrect 1099-DIV reporting the distribution as ordinary dividend (Box 1).
Company filed IRS Form 8937 on Feb 21, 2025 to enable issuance of corrected 1099-DIVs (Box 3).
Corrected forms will reflect non-dividend distribution; tax impact varies by shareholder.

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