Algorhythm Holdings Sets CEO Gary Atkinson Pay at $360,000 Salary and 740,597-Share Option Grant

Reuters02-28

Algorhythm Holdings Sets CEO Gary Atkinson Pay at $360,000 Salary and 740,597-Share Option Grant

Algorhythm Holdings Inc. entered into an amended and restated three-year employment agreement with CEO Gary Atkinson, setting his base salary at $360,000 and providing an annual bonus opportunity of up to 50% of salary, split between continued employment and performance objectives. The company also granted Atkinson an option to buy 740,597 shares at $1.84 per share, vesting quarterly over four years, and provides for Change of Control and severance payments tied to salary and bonus levels, with accelerated vesting of equity awards under specified termination scenarios.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algorhythm Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-008357), on February 27, 2026, and is solely responsible for the information contained therein.

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