Business Context and Reporting Period
This Form 8-K Current Report was filed by Auddia Inc. on April 15, 2021. The report discloses a material corporate governance event: the appointment of a new Chief Financial Officer.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive personnel changes.
Material Changes
- Appointment of CFO: On April 12, 2021, the Board of Directors appointed Brian Hoff as Chief Financial Officer.
- Departure of Prior CFO: Mr. Hoff succeeds Rick Liebman, who will remain with the company in a transition capacity through April 30, 2021.
- Compensation Terms: Mr. Hoff's employment is at-will with an annual base salary of $220,000 and an annual discretionary bonus of up to 50% of base salary.
Management Commentary and Background
Management highlighted Mr. Hoff's extensive experience in leading high-growth accounting and finance teams. His background includes:
- STACK Infrastructure (2019–Present): Vice President, Controller, responsible for financial systems, corporate accounting, treasury, and internal controls.
- Coalfire (2011–2019): Held roles including Corporate Controller, Director of Finance, and Controller. He built scalable processes and supported acquisitions and fundraising activities.
- K Financial (2008–2011): Senior Auditor.
- Education: BSBA in accounting from the University of Colorado Boulder.
Investor Verification Checklist
- Verify the effective date of the CFO transition and the end date of the predecessor's transition period (April 30, 2021).
- Confirm the total potential annual compensation package for the new CFO ($220,000 base + up to $110,000 bonus).
- Review subsequent filings for any changes to the executive team or financial performance following this leadership change.