CLEARONE INC: Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

( Published on August 18, 2022 ) 
On August 15, 2022, ClearOne, Inc., a Delaware corporation (the "Company"), entered into a confidential separation agreement and general release (the
"Separation Agreement") with Zeynep Hakimoglu, the Company's former Chief Executive Officer. Under the terms of the Separation Agreement, Ms. Hakimoglu
will:

  •     provide reasonable cooperation with the Company's pending litigation matters;
  •     take appropriate actions requested by the Company to effect Ms. Hakimoglu's resignation or removal as an officer or director of any Company subsidiaries and the transfer of equity interests in any Company
        subsidiaries that are owned by Ms. Hakimoglu; and
  •     receive severance pay in the total gross amount of $146,153.89, less applicable taxes and withholdings, payable as salary continuation on the Company's normal payroll dates within fifteen (15) business days
        following the effective date of the Separation Agreement.

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