Company: AWRE
Filing Date: 2025-01-02
Form Type: 8-K
Source: 0000950170-25-000098
Chunk: 0

Company: AWARE INC /MA/
Filing Date: 2025-01-02
Form: 8-K
Item: Item 5.02
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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.