Current Report Filing (8-k)
April 15 2022 - 4:12PM
Edgar (US Regulatory)
0001362190
false
0001362190
2022-04-12
2022-04-12
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iso4217:USD
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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:
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 |
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