RIME

#4959
Algorhythm Holdings, Inc. - Common Stock
0.2 6 USD
-0.07%
Market Price
Sektor: Technologie
Basis: USD
Gewinnwährung: USD
Tagesspanne
0.26
0.26
Jahresspanne
0.22
4.58
Tagesänderung
-7.14%
Monatliche Änderung
-36.59%
6 month change
-84.05%
Jahresänderung
-87.85%
Vorheriger Schlusskurs
0.2 8
Open
0.2 6
Tief
0.2 6
Hoch
0.2 6
Volumen
4
Vollständige Grafik anzeigen

Financials

Übersicht Finanzbericht Statistik Documents

2026

Current report, Q3 FY2026
Algorhythm Holdings, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Algorhythm Holdings, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Algorhythm Holdings, Inc. quarterly report, Q1 FY2026
10-Q

Algorhythm Holdings, Inc. current report, Q1 FY2025

Full document

Algorhythm Holdings, Inc. (RIME) - Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by Algorhythm Holdings, Inc. on February 18, 2025, covering events that occurred on February 13, 2025. The filing addresses significant changes in executive leadership, specifically the departure of the Chief Financial Officer and the appointment of a new Chief Financial Officer and General Counsel.

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 personnel changes and associated compensation arrangements.

Material Changes

  • Departure of CFO: Richard Perez was terminated as Chief Financial Officer effective February 13, 2025. The Company stated the termination was not the result of any disagreements regarding operations, policies, or practices.
  • Appointment of New CFO & General Counsel: Alex Andre (age 50) was appointed as Chief Financial Officer and General Counsel effective February 13, 2025.
  • Compensation Package:
    • Annual base salary of $275,000, automatically increasing to $300,000 after six months.
    • Non-qualified stock option to purchase 23,818 shares of common stock.
    • Restricted stock award for 23,818 shares of common stock.
    • Vesting schedule: 25% on the first anniversary, followed by 6.25% quarterly thereafter over four years.
    • Equity grants were made outside the 2022 Equity Incentive Plan as an inducement to accept employment.

Guidance, Outlook, and Risks

The filing contains no financial guidance, outlook, or management commentary regarding future business performance. No specific risks or contingencies related to the company's operations were disclosed in this report, other than the standard disclosure that the summary of the employment agreement is qualified by reference to the full text of the exhibits.

Key Facts for Investor Verification

  • Verify the exact closing price of RIME stock on February 13, 2025, to determine the exercise price of the new CFO's stock options.
  • Review the full text of the Employment Agreement (Exhibit 10.1) for details on termination provisions and severance not summarized in the 8-K.
  • Confirm the impact of the equity grants on total share count and potential dilution, noting these were granted outside the existing equity plan.
  • Monitor future filings for the first financial report prepared under the new CFO's tenure to assess any changes in accounting practices or reporting.