AUDIOEYE, INC. (OTCMKTS:AEYE) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Reference is made to Item 5.02 with respect to the Executive Employment Agreement between Todd Bankofier and AudioEye, Inc. (“AudioEye” or the “Company”).
Reference is made to Item 5.02 with respect to the Executive Employment Agreement between Sean Bradley and the Company.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Officers; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers. |
On February 13, 2018, the Company entered into an Executive Employment Agreement with Todd Bankofier, to which Mr. Bankofier continued his employment as the Company’s Chief Executive Officer. The term of the Executive Employment Agreement is two years and commenced December 1, 2017, which is terminable at will by either the Company or Mr. Bankofier and subject to extension upon mutual agreement. Mr. Bankofier is to receive a base annual salary of $250,000 during the employment period, paid in periodic installments in accordance with the Company’s regular payroll practices. Mr. Bankofier is also entitled to an annual bonus in an amount determined by the Compensation Committee of the Board of Directors of the Company, as well as being entitled to equity awards under the Company’s incentive compensation plan.
On February 13, 2018, the Company entered into an Executive Employment Agreement with Sean Bradley, to which Mr. Bradley continued his employment as the President and Chief Technology Officer of the Company. The term of the Executive Employment Agreement is two years and commenced December 1, 2017, which is terminable at will by either the Company or Mr. Bradley and subject to extension upon mutual agreement. Mr. Bradley is to receive a base annual salary of $200,000 during the employment period, paid in periodic installments in accordance with the Company’s regular payroll practices. Mr. Bradley is also entitled to an annual bonus in an amount determined by the Compensation Committee of the Board of Directors of the Company, as well as being entitled to equity awards under the Company’s incentive compensation plan.
| Item 9.01 | Financial Statements and Exhibits. |
AUDIOEYE INC ExhibitEX-10.1 2 tv486229_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 EXECUTIVE EMPLOYMENT AGREEMENT This EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into effective as of December 1,…To view the full exhibit click here
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.
