Company: AWRE
Filing Date: 2025-02-05
Form Type: 8-K
Source: 0000950170-25-013916
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Company: AWARE INC /MA/
Filing Date: 2025-02-05
Form: 8-K
Item: Item 1.01
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS, ELECTION OF DIRECTOR; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

The Board of Directors of Aware, Inc. (“ Aware”) appointed Ajay Amlani to serve as Chief Executive Officer and President of Aware and as a Class III member of the Board of Directors of Aware, effective February 3, 2025 (the “ Effective Date”). Mr. Amlani, age 50, previously served as Head of the Americas at iProov, a digital identity company based in London, from August 2022 through January 2025. Prior to that position, from September 2021 through August 2022, he was Chief Strategy Officer and General Manager of the Digital Identity Business Unit at Credence Management Solutions, a provider of management consulting, engineering, and technology services to federal agencies and commercial clients. From August 2019 through April 2021, Mr. Amlani served as Senior Vice President Corporate Strategy and Development and General Manager of Commercial Business at IDEMIA, a biometric identification and security company.

Mr. Amlani is also a Senior Advisor at The Chertoff Group, where he has worked with U. S. counterterrorism and Department of Defense leaders. Mr. Amlani served in the U. S. government between 2016 and 2019, first under Secretary of Defense Ash Carter and then under Secretary James Mattis, to launch the Defense Innovation Unit, a Silicon Valley-based unit of the Department of Defense established to modernize the U. S. military with better technology. Mr. Amlani founded and developed several identity platforms. He cofounded the original company that went on to become CLEAR, which now serves millions of Americans with airport fast-line and identity verification services, and YOU Technology, a mobile-first, retailer-focused identity and loyalty platform.

The Aware Board believes that Mr. Amlani’s extensive industry and leadership experience will be of benefit to Aware’s Board and shareholders.

In connection with Mr. Amlani’s appointment, David K. Traverse resigned his positions as Interim Chief Executive Officer and President of Aware, effective February 3, 2025. Mr. Traverse remains Aware’s Chief Financial Officer.

On February 3, 2025, Aware and Mr. Amlani entered into an Employment Agreement