AWARE INC /MA/ — fact timeline

David K. Traverse resigned as Chief Financial Officer at AWARE INC /MA/.

“David K. Traverse resigned his positions as Interim Chief Executive Officer and President of Aware, effective February 3, 2025. Mr. Traverse remains Aware’s Chief Financial Officer.”

Ajay Amlani was appointed as Chief Executive Officer and President at AWARE INC /MA/.

“The Board of Directors of Aware, Inc. (“Aware”) appointed Ajay Amlani to serve as Chief Executive Officer and President of Aware and as a Class III member of the Board of Directors of Aware, effective February 3, 2025.”

David K. Traverse was appointed as interim Chief Executive Officer and President at AWARE INC /MA/.

“On January 1, 2025, the Company’s Board of Directors appointed David K. Traverse, the Company’s Chief Financial Officer, to serve as the Company’s interim Chief Executive Officer and President.”

Robert A. Eckel resigned as Chief Executive Officer and President at AWARE INC /MA/.

“On December 31, 2024, Mr. Eckel’s resignation from those positions became effective.”

Robert A. Eckel departed as Chief Executive Officer and President at AWARE INC /MA/.

“Aware, Inc. (the “Company”) and Robert A. Eckel, the Company’s Chief Executive Officer and President and a member of the Company’s Board of Directors (the “Board”), agreed that Mr. Eckel would leave the Company and the Board, effective December 31, 2024.”

Craig Herman resigned as Chief Revenue Officer at AWARE INC /MA/.

“On September 4, 2024, Craig Herman, our Chief Revenue Officer, announced his resignation effective September 20, 2024, to pursue a new opportunity outside of the biometrics industry.”

David Traverse changed role as Chief Financial Officer at AWARE INC /MA/.

“Effective June 1, 2024, we changed David Traverse’s title from Principal Financial Officer to Chief Financial Officer and we increased his annual base salary to $230,000 with a variable annual target bonus of $92,000, which is equal to 40% of his annual base salary.”

AWARE INC /MA/ reported first quarter ended March 31, 2024 results: revenue $4.4 million, net income Net loss for the first quarter of 2024 totaled $1.0 million, EPS $(0.05) per diluted share. Guidance reaffirmed.

“Revenue for the first quarter of 2024 was $4.4 million, compared to $4.3 million in the same year-ago period.”

AWARE INC /MA/ reported the fiscal year ended December 31, 2023 results: revenue $18.2 million.

“Full Year 2023 Financial Highlights • Total revenue increased 14% to $18.2 million from $16.0 million in 2022”

AWARE INC /MA/ reported the fourth quarter ended December 31, 2023 results: revenue $4.4 million, net income $4.2 million, or $(0.20) per diluted share, EPS $(0.20) per diluted share.

“in Omlis Limited. • Repurchased 299,780 shares at a cost of $0.5 million during the year. Fourth Quarter 2023 Financial Highlights • Total revenue increased 8% year-over-year to $4.4 million, compared to $4.1 million in the fourth quarter of 2022. • Recurring revenue increased 40% year-over-year to $3.7 million, highlighting the growth and continued transformation of”

AWARE INC /MA/ shareholders approved Approve the Aware, Inc. 2023 Equity and Incentive Plan, which will replace the 2001 Nonqualified Stock Plan at the 2024-01-17 meeting.

“To approve the Aware, Inc. 2023 Equity and Incentive Plan, which will replace the 2001 Nonqualified Stock Plan.”

AWARE INC /MA/ shareholders approved Approve stock option exchange program for certain eligible employees, including executive officers, to exchange certain outstanding stock options for stock options with a lower exercise price at the 2024-01-17 meeting.

“To approve a stock option exchange program for certain eligible employees, including executive officers, to exchange certain outstanding stock options for stock options with a lower exercise price.”