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    CLRO   US18506U1043

CLEARONE, INC.

(CLRO)
  Report
Delayed Nasdaq  -  04:00 2022-09-30 pm EDT
0.5401 USD   -6.88%
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CLEARONE INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

08/17/2022 | 03:30pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.




On August 15, 2022, ClearOne, Inc., a Delaware corporation (the "Company"),
entered into a confidential separation agreement and general release (the
"Separation Agreement") with Zeynep Hakimoglu, the Company's former Chief
Executive Officer. Under the terms of the Separation Agreement, Ms. Hakimoglu
will:


  •     provide reasonable cooperation with the Company's pending litigation
        matters;
  •     take appropriate actions requested by the Company to effect Ms.
        Hakimoglu's resignation or removal as an officer or director of any
        Company subsidiaries and the transfer of equity interests in any Company
        subsidiaries that are owned by Ms. Hakimoglu; and
  •     receive severance pay in the total gross amount of $146,153.89, less
        applicable taxes and withholdings, payable as salary continuation on the
        Company's normal payroll dates within fifteen (15) business days
        following the effective date of the Separation Agreement.


In addition, under the terms of the Separation Agreement, Ms. Hakimoglu is subject to certain customary restrictive covenants, including confidentiality, non-competition, non-solicitation, inventions assignment and non-disparagement covenants.

The foregoing summary is qualified entirely by reference to the Separation Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.


Item 9.01        Financial Statements and Exhibits.



(d)  Exhibits



Exhibit Number                             Exhibit Title

10.1               Confidential Separation Agreement and General Release between
                 ClearOne, Inc. and Zeynep Hakimoglu.
104.1            The cover page from this Current Report on Form 8-K, formatted in
                 Inline XBRL.




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