Algorhythm Holdings, Inc. 8K

Algorhythm Holdings, Inc. approved a new second amended and restated employment agreement with CEO Gary Atkinson, setting his compensation, equity, severance, and change-in-control protections.

Algorhythm Holdings, Inc. entered into a Second Amended and Restated Employment Agreement with its Chief Executive Officer, Gary Atkinson, effective as of February 23, 2026 (agreement dated July 22, 2026), which sets a renewable three-year employment term, confirms his role and duties as CEO, and establishes compensation including a $360,000 base salary, an annual bonus opportunity of up to 50% of base salary tied partly to capital-raising and revenue targets, a change in control bonus equal to one year of base salary and maximum bonus upon each change in control, an initial stock option grant representing approximately 5% of the company’s fully diluted common stock vesting over four years, and detailed severance, COBRA reimbursement, equity acceleration, confidentiality, non-compete, non-solicitation, and intellectual property provisions applicable upon various termination and change in control scenarios.

Filing Facts

CIK

923601

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-034615

Alert Tier

5