Business Context and Reporting Period
This Form 8-K Current Report was filed by LiveOne, Inc. (LVO) on April 27, 2026. The report discloses the departure of the former Chief Financial Officer and the appointment of an interim successor effective May 1, 2026.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive personnel changes and the terms of a new consulting agreement.
Material Changes
- Executive Departure: Ryan Carhart, Vice President, Chief Financial Officer, Treasurer, and Secretary, notified the Company on April 28, 2026, of his departure effective May 1, 2026, to pursue another professional opportunity. The departure was not due to any dispute with the Company.
- Executive Appointment: Craig Christensen was appointed as Interim Chief Financial Officer, Interim Treasurer, and Interim Secretary, effective May 1, 2026. He also assumes the role of Principal Accounting Officer and holds the same interim titles at subsidiaries PodcastOne, Inc. and Slacker, Inc.
Guidance, Outlook, and Compensation
Compensation Arrangement: A consulting agreement was entered into with Mr. Christensen on a month-to-month basis at a weekly fee of $6,250. He is eligible for equity bonuses contingent on the timely filing of specific reports:
- 10,000 shares of common stock if the Company and PodcastOne file their Form 10-K for the fiscal year ended March 31, 2026.
- 5,000 shares of common stock if the Company and PodcastOne file their Form 10-Q for the fiscal quarter ended June 30, 2026.
Future Outlook: The Company and Mr. Christensen agreed to engage in good faith discussions within approximately 90 days regarding a potential transition to a full-time Chief Financial Officer position. Terms for such a transition, including cash compensation and benefits, are subject to future negotiation.
Investor Verification Checklist
- Verify the filing status of the Form 10-K for the fiscal year ended March 31, 2026, to determine eligibility for the initial equity bonus.
- Monitor the upcoming Form 10-Q for the quarter ended June 30, 2026, for the second equity bonus milestone.
- Review the full text of the Consulting Agreement (Exhibit 10.1) for specific termination clauses and "Cause" definitions.
- Watch for future announcements regarding the outcome of the 90-day discussions on a permanent CFO appointment.