Algorhythm Holdings, Inc. (RIME) Form 8-K — Nov 5, 2026
Algorhythm Holdings (RIME) disclosed that CEO and Chairman Andrew Thompson resigned effective October 30, 2026, with the company stating the resignation was not due to any disagreement over operations, policies, or practices. On November 2, 2026, the board appointed Gregory D. Smith, a director since September 2026, as CEO and Chairman. Smith spent more than 30 years at IBM in management roles and owns two small businesses, though he lacks prior public-company CEO experience.
Key figures
- Shares Outstanding
- 40848979
- Ceo base salary
- 375000
- Ceo salary step up
- 480000
- Max annual bonus pct
- 50%
- Vested on grant shares
- 1059771
- Vesting year one shares
- 1059771
- Revenue performance target
- $10 million of revenue for fiscal year ended December 31, 2026
- Initial equity award shares
- 2119542
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