Aware Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS, ELECTION OF DIRECTOR; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 30, 2024, Aware, Inc. (the “Company”) reported that it had entered into an agreement with Robert A. Eckel, who was then serving as the Company’s Chief Executive Officer and President and as a member of the Company’s Board of Directors, for Mr. Eckel to resign from those positions effective as of December 31, 2024. On December 31, 2024, Mr. Eckel’s resignation from those positions became effective.
On January 1, 2025, the Company’s Board of Directors appointed David K. Traverse, the Company’s Chief Financial Officer, to serve as the Company’s interim Chief Executive Officer and President. Mr. Traverse is 51 years old and has served as the principal financial officer of Aware since October 2023 and as Aware’s Chief Financial Officer since June 1, 2024. Mr. Traverse previously served as the Company’s Corporate Controller since April 27, 2020. Prior to joining the Company, Mr. Traverse was Vice President and Corporate Controller at SeaChange International from November 2018 through April 2020 and Vice President Finance and Chief Financial Officer at Artel Video Systems from October 2015 to October 2018. Mr. Traverse received a Bachelor of Science in Accounting from the University of Massachusetts Lowell.
ITEM 7.01. REGULATION FD DISCLOSURE.
On January 2, 2025, the Company issued a press release announcing Mr. Traverse’s appointment as interim Chief Executive Officer and President. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this Item 7.01 and the accompanying Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
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.
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Description
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99.1
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Press Release dated January 2, 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.
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AWARE, INC. |
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Dated: January 2, 2025 |
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By: |
/s/ David K. Traverse
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David K. Traverse |
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Interim Chief Executive Officer, President |
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and Chief Financial Officer |