Current Report Filing (8-k)
June 03 2022 - 6:04AM
Edgar (US Regulatory)
0001362190
false
0001362190
2022-06-02
2022-06-02
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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): June 2, 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 8.01 | Other Information. |
On
June 2, 2022, AudioEye, Inc. (the “Company”) announced that the Board of Directors of the Company has approved a program
to repurchase up to $3 million of its outstanding shares of common stock, par value $0.00001 per share, expiring on June 30, 2024. The
Company intends to fund the stock repurchase program with working capital and cash from operations.
The
Company may repurchase stock from time to time in open market transactions or through privately negotiated transactions in accordance
with applicable federal securities laws and other applicable legal requirements. The timing and amounts of any purchases under the stock
repurchase program will be based on market conditions and other factors, including price. The stock repurchase program may be suspended
or discontinued at any time and does not obligate the Company to repurchase any dollar amount or particular number of shares of stock.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
Exhibit |
|
Number |
Description |
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.
June 2, 2022 |
AudioEye, Inc. |
|
(Registrant) |
|
|
|
|
By |
/s/ James Spolar |
|
Name: James Spolar |
|
Title: General Counsel and Secretary |
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