false 0001615165 0001615165 2025-02-10 2025-02-10

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 10, 2025

 

 

Veritone, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-38093   47-1161641
(State or Other Jurisdiction
of Incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

1615 Platte Street

2nd Floor

Denver, Colorado

   80202
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (888) 507-1737

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, par value $0.001 per share   VERI   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Compensatory Arrangements of Certain Officers.

As previously disclosed, Ryan Steelberg, the President and Chief Executive Officer of Veritone, Inc. (the “Company”) voluntarily reduced his salary to $1 in May 2023, and such reduction has remained in effect since then. Pursuant to Mr. Steelberg’s 2023 employment agreement, his annual base salary had been set initially at $525,000. On February 10, 2025, the Compensation Committee (the “Committee”) of the Board of Directors of the Company approved an increase in the annual base salary of Mr. Steelberg to $665,000, which the Committee believes returns his base salary to an amount more reflective of market levels. The base salary increase became effective on January 1, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      Veritone, Inc.
Date: February 12, 2025     By:  

/s/ Michael L. Zemetra

     

Michael L. Zemetra

Executive Vice President, Chief Financial Officer

and Treasurer

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Feb. 10, 2025
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Document Type 8-K
Document Period End Date Feb. 10, 2025
Entity Registrant Name Veritone, Inc.
Entity Incorporation State Country Code DE
Entity File Number 001-38093
Entity Tax Identification Number 47-1161641
Entity Address, Address Line One 1615 Platte Street
Entity Address, Address Line Two 2nd Floor
Entity Address, City or Town Denver
Entity Address, State or Province CO
Entity Address, Postal Zip Code 80202
City Area Code (888)
Local Phone Number 507-1737
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Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $0.001 per share
Trading Symbol VERI
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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