PODC

#4036
PodcastOne, Inc. - Common Stock
2.7 1 USD
+0.04%
Market Price
Sektor: Kommunikationsdienste
Basis: USD
Gewinnwährung: USD
Tagesspanne
2.71
2.71
Jahresspanne
1.41
5.20
Tagesänderung
+4.23%
Monatliche Änderung
-28.31%
6 month change
+8.84%
Jahresänderung
+81.88%
Vorheriger Schlusskurs
2.6 0
Open
2.7 1
Tief
2.7 1
Hoch
2.7 1
Volumen
2
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Financials

Übersicht Finanzbericht Statistik Documents

2026

Current report, Q3 FY2026
Podcastone, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Podcastone, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Podcastone, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Podcastone, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Podcastone, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Podcastone, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Podcastone, Inc. current report, Q2 FY2026
8-K
Annual report, FY2026
Podcastone, Inc. annual report, FY2026
10-K
Current report, Q1 FY2026
Podcastone, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Podcastone, Inc. current report, Q1 FY2026
8-K

Podcastone, Inc. current report, Q2 FY2025

Full document

Business Context and Reporting Period

Company: PodcastOne, Inc. (PODC)
Filing Type: Form 8-K (Current Report)
Date of Report: June 27, 2025
Reporting Period: Events occurring on June 27, 2025, with employment agreements effective as of June 1, 2025.
Context: The filing discloses the entry into new material definitive employment agreements with two key executives: Kit Gray (President) and Sue McNamara (Chief Revenue Officer).

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation arrangements.

Material Changes and Executive Compensation

The filing details new two-year employment agreements for the following executives, effective June 1, 2025:

  • Kit Gray (President):
    • Base Salary: $375,000 annually.
    • Target Bonus: 100% of base salary.
    • Equity Grants: 700,000 PodcastOne RSUs and 150,000 LiveOne, Inc. (Parent) RSUs.
    • Vesting Schedule: 25% every six months over two years. Includes performance acceleration triggers for PodcastOne RSUs if stock trades at $3.50, $5.00, or $10.00 for 90 consecutive days.
  • Sue McNamara (Chief Revenue Officer):
    • Base Salary: $325,000 annually.
    • Target Bonus: 100% of base salary.
    • Equity Grants: 150,000 PodcastOne RSUs and 25,000 LiveOne, Inc. (Parent) RSUs.
    • Vesting Schedule: 25% every six months over two years.

Outlook, Risks, and Contingencies

Change of Control Provisions:

  • In the event of a PodcastOne Change of Control, 50% of unvested PodcastOne RSUs vest immediately.
  • In the event of a LiveOne Change of Control, 50% of unvested LiveOne RSUs vest immediately.
Termination Benefits:
  • If terminated without "Cause" or for "Good Reason," executives receive salary continuation for the lesser of 6 months or the remaining term.
  • 100% acceleration of all unvested RSUs upon such termination.
  • Benefits are contingent upon the execution of a release of claims.
Securities Issuance:
  • Shares underlying the RSUs may be issued via private placement exemptions (Section 4(a)(2) or Regulation D) or pursuant to a Form S-8 registration statement.

Investor Verification Checklist

  • Verify the current trading price of PodcastOne (PODC) and LiveOne (LVO) stock to assess the likelihood of hitting the $3.50, $5.00, and $10.00 performance vesting triggers for Kit Gray.
  • Review the full text of Exhibit 10.1 and 10.2 to understand the specific definitions of "Cause," "Good Reason," and "Change of Control."
  • Confirm whether the company has filed a Form S-8 registration statement to cover the issuance of the granted RSUs.
  • Assess the impact of the new fixed salary obligations ($700,000 combined annual base) on the company's operating expenses relative to recent revenue trends.

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