ClearOne Appoints New CFO

TL;DR

ClearOne just hired a new CFO, Paul A. Edwards, effective Feb 27.

AI Summary

ClearOne, Inc. announced on March 1, 2024, the appointment of Paul A. Edwards as Chief Financial Officer, effective February 27, 2024. Edwards will also serve as Principal Accounting Officer. He previously held the CFO position at Veru Inc. and has experience with other public companies.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: low — This filing reports a routine executive appointment and does not contain information that inherently increases risk.

Key Players & Entities

• ClearOne, Inc. (company) — Registrant
• Paul A. Edwards (person) — Appointed Chief Financial Officer
• February 27, 2024 (date) — Effective date of appointment
• Veru Inc. (company) — Previous employer of new CFO

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 CLRO The NASDAQ Capital Market In
• $59,170 — ian Rupees (INR) which is approximately $59,170. Pursuant to the Company's certificate

Filing Documents

• clro-20240301.htm (8-K) — 34KB
• 0001753926-24-000453.txt ( ) — 155KB
• clro-20240301_def.xml (EX-101.DEF) — 1KB
• clro-20240301_pre.xml (EX-101.PRE) — 12KB
• clro-20240301_cal.xml (EX-101.CAL) — 1KB
• clro-20240301_lab.xml (EX-101.LAB) — 16KB
• clro-20240301.xsd (EX-101.SCH) — 4KB
• clro-20240301_htm.xml (XML) — 3KB

(a) of Regulation S-K, nor have any such transactions been proposed

Item 404(a) of Regulation S-K, nor have any such transactions been proposed. In connection with her appointment as interim Chief Financial Officer, the Board of Directors approved an annual base salary for Ms. Raghunathan of 4,904,400 Indian Rupees (INR) which is approximately $59,170. Pursuant to the Company's certificate of incorporation and bylaws, the Company also has agreed to indemnify Ms. Raghunathan to the fullest extent permitted by applicable law with respect to any claims, actions, suits or proceedings, whether civil, criminal, administrative or investigative, by reason of the fact that she is or was an officer of the Company.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Title 104.1 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. Certain information included in this Current Report on Form 8-K (including the exhibit hereto) is being furnished under Item 7 .0 1 , " Regulation FD Disclosure " and Item 9.01 "Financial Statements and Exhibits" of Form 8-K. As such, the information (including the exhibit) under Items 7.01 and 9.01 herein shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. This Current Report (including the exhibit hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD. 2

SIGNATURES

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. CLEARONE, INC. Date: March 01 , 202 4 By: /s/ Derek Graham Derek Graham Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR