ClearOne CEO Derek Graham transitions to part-time consultant at $160/hr after employment agreement expires

CLEARONE INC

Derek Graham continues as CEO but as independent contractor, up to 10 hrs/week at $160/hr.
Agreement has no fixed term; company or Graham can terminate at any time; Graham must give 2 weeks' notice.
Graham to oversee transitional ops: SEC compliance, warranty/tech support, AR collection, asset liquidation, closing foreign ops.
Prior employment agreement expired March 31, 2026; new consulting arrangement effective April 1, 2026.
Graham will not receive employee benefits; paid via 1099.

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