AWARE, INC. Files 8-K for Material Agreement and Officer Changes
Ticker: AWRE · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1015739
| Field | Detail |
|---|---|
| Company | Aware Inc /Ma/ (AWRE) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $400,000, $75,000, $1.70 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes, compensation
TL;DR
AWARE filed an 8-K: new deal signed, exec comp changes, board shakeup.
AI Summary
On February 3, 2025, AWARE, INC. reported a material definitive agreement and changes in its board and officer compensation. The company, incorporated in Massachusetts with its principal executive offices at 76 Blanchard Road, Burlington, MA, filed this 8-K to disclose these events.
Why It Matters
This filing indicates significant corporate actions, including a new material agreement and potential changes in executive compensation, which could impact the company's future operations and investor relations.
Risk Assessment
Risk Level: medium — The filing details material definitive agreements and changes in officers and compensation, which can introduce uncertainty and potential shifts in company strategy or financial performance.
Key Numbers
- 000-21129 — SEC File Number (Identifies the company's filing history with the SEC.)
- 04-2911026 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- AWARE, INC. (company) — Registrant
- Massachusetts (location) — State of incorporation
- 76 Blanchard Road, Burlington, MA (location) — Principal executive offices
- February 3, 2025 (date) — Date of report
FAQ
What is the nature of the material definitive agreement disclosed in the 8-K?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What specific changes occurred regarding directors or officers?
The filing notes the departure of directors or certain officers, election of directors, and appointment of certain officers, along with details on compensatory arrangements, but specific names are not in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 3, 2025.
What is AWARE, INC.'s primary business classification?
AWARE, INC. is classified under SERVICES-PREPACKAGED SOFTWARE [7372].
Where are AWARE, INC.'s principal executive offices located?
AWARE, INC.'s principal executive offices are located at 76 Blanchard Road, Burlington, MA, 01803.
Filing Stats: 1,438 words · 6 min read · ~5 pages · Grade level 11.1 · Accepted 2025-02-04 18:52:28
Key Financial Figures
- $400,000 — pensation: (a) an annual base salary of $400,000, (b) annual cash incentive compensation
- $75,000 — ation Committee, (c) a signing bonus of $75,000 with a pro-rated portion of the signing
- $1.70 — common stock, with an exercise price of $1.70 per share and vesting over four years (
Filing Documents
- awre-20250203.htm (8-K) — 62KB
- awre-ex10_1.htm (EX-10.1) — 123KB
- awre-ex99_1.htm (EX-99.1) — 17KB
- 0000950170-25-013916.txt ( ) — 344KB
- awre-20250203.xsd (EX-101.SCH) — 29KB
- awre-20250203_htm.xml (XML) — 4KB
01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS, ELECTION OF DIRECTOR; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. 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 (the "Effective Date"). Mr. Amlani, age 50, previously served as Head of the Americas at iProov, a digital identity company based in London, from August 2022 through January 2025. Prior to that position, from September 2021 through August 2022, he was Chief Strategy Officer and General Manager of the Digital Identity Business Unit at Credence Management Solutions, a provider of management consulting, engineering, and technology services to federal agencies and commercial clients. From August 2019 through April 2021, Mr. Amlani served as Senior Vice President Corporate Strategy and Development and General Manager of Commercial Business at IDEMIA, a biometric identification and security company. Mr. Amlani is also a Senior Advisor at The Chertoff Group, where he has worked with U.S. counterterrorism and Department of Defense leaders. Mr. Amlani served in the U.S. government between 2016 and 2019, first under Secretary of Defense Ash Carter and then under Secretary James Mattis, to launch the Defense Innovation Unit, a Silicon Valley-based unit of the Department of Defense established to modernize the U.S. military with better technology. Mr. Amlani founded and developed several identity platforms. He cofounded the original company that went on to become CLEAR, which now serves millions of Americans with airport fast-line and identity verification services, and YOU Technology, a mobile-first, retailer-focused identity and loyalty platform. The Aware Board believes that Mr. Amlani's extensive industry and leadership experience will be of ben
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. No financial statements are required to be filed as part of this Report. The following exhibits are filed as part of this report: (d) EXHIBITS. Number Description 10.1 Employment Agreement dated as of February 3, 2025 by and between Aware, Inc. and Ajay Amlani 99.1 104 Press Release dated February 4, 2025 Cover Page Interactive Data File (embedded within XBRL document) SIGNATURE 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, thereunto duly authorized. AWARE, INC. Dated: February 4, 2025 By: /s/ David K. Traverse David K. Traverse Chief Financial Officer