0001362190 false 0001362190 2022-04-12 2022-04-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 12, 2022

 

AUDIOEYE, INC.

(Exact name of registrant as specified in charter)

 

Delaware 001-38640 20-2939845
State of Other Jurisdiction of Incorporation Commission File Number IRS Employer Identification No.

  

5210 E. Williams Circle, Suite 750

Tucson, Arizona 85711

(Address of principal executive offices / Zip Code)

 

(866) 331-5324

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act.
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.00001 per share   AEYE   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On April 12, 2022, AudioEye, Inc. (the “Company”) and Christopher Hundley, the Company’s President, mutually agreed that Mr. Hundley’s employment with the Company would terminate on April 15, 2022. On April 15, 2022, the Company and Mr. Hundley entered into a Separation Agreement and Release (the “Agreement”), pursuant to which Mr. Hundley will receive $58,333 in cash severance, payable in accordance with regular payroll practices, and, if elected, the payment of certain premiums for continuing group health insurance through June 30, 2022. In addition, the Agreement provides that Mr. Hundley will provide transition assistance to the Company through June 15, 2022, and the 10,194 restricted stock units scheduled to vest on June 15, 2022 will so vest, subject to Mr. Hundley continuing to provide transition services through that date.

 

The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.

 

 Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit 
Number
Description
10.1 Separation Agreement and Release dated as of April 15, 2022, between the Company and Christopher Hundley
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

April 15, 2022 AudioEye, Inc.
  (Registrant)
     
  By  /s/ James Spolar 
  Name: James Spolar
  Title: General Counsel and Secretary

 

 

AudioEye (NASDAQ:AEYE)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more AudioEye Charts.
AudioEye (NASDAQ:AEYE)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more AudioEye Charts.