AUDIOEYE, INC. (OTCMKTS:AEYE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 17, 2020, the Board of Directors appointed Marc Lehmann a director. Mr. Lehmann has also been appointed a member of the Audit Committee. There was no arrangement or understanding between Mr. Lehmann and any other person to which Mr. Lehmann was selected as a director. There has not been any transaction, since January 1, 2019, or any currently proposed transaction, in which AudioEye, Inc. was or is to be a participant and in which Mr. Lehmann had or will have a direct or indirect material interest. Compensation arrangements have not yet been determined.
Mr. Lehmann currently manages Flamingo Drive Partners, LLC and related entities. In this capacity, Mr. Lehmann invests in many start-up, growing businesses and publicly traded stocks. In addition, Flamingo Drive owns and operates real estate, primarily in South Florida.
Mr. Lehmann currently is a member of two public-company boards, Green Growth Brands, Inc., and Stable Road Acquisition Corp.
Prior to launching Flamingo Drive Partners LLC, Mr. Lehmann was the General Partner at Riverloft Capital Management, from 2011 to 2016. Mr. Lehmann was a Partner and Director of Research at JANA Partners, a hedge fund from 2002 to 2010. Prior to JANA, he was an analyst at Appaloosa Management from 1999 to 2002. During the majority of Mr. Lehmann’s career, he has been employed by or a partner in investment firms focused on public-market investments and deep research on special situations. Mr. Lehmann regularly had roles on creditor committees in order to help distressed businesses restructure.
Prior to Appaloosa, Mr. Lehmann completed his Master of Business Administration at The Wharton School at the University of Pennsylvania. Mr. Lehmann also worked at SAC Capital and began his career in investment research as an analyst at Morgan Stanley and Lehman Brothers.
Mr. Lehmann has a Bachelor of Science in Finance and International Business from New York University, where he was awarded the NYU President’s Service Award for Community Service for founding the largest community service organization at NYU.
On July 15, 2020, Alexandre Zyngier resigned as a director.
About AUDIOEYE, INC. (OTCMKTS:AEYE)
AudioEye, Inc. (AudioEye) is a marketplace providing Web accessibility solutions for its clients’ customers through its Ally Platform Products. The Company generates revenues through the sale of subscriptions of its software as a service (SaaS) technology platform, called the AudioEye Ally Platform, to Website owners, publishers, developers and operators, and through the delivery of managed services combined with the implementation of the AudioEye solution. Its customers span disparate industries and target market verticals, which encompass (but are not limited to) the human resources, finance, transportation, media and education. Its compliance solutions focus on remediation of the accessibility issues, followed by analysis identifying and addressing compliance program. By deploying AudioEye remediation technology to fix common and high-impact issues, it is able to manage the usability of its client sites on the first day that they implement its solution into their site.
