Management ChangeMay 26, 2026, 04:06 PM
Aware Appoints New CEO, CRO, CMO; Misses 2025 Performance Targets
AI Summary
Aware Inc. filed an amendment to its 10-K for the fiscal year ended December 31, 2025, detailing significant management changes and executive compensation. Ajay Amlani was appointed President and CEO, Gary Evee became Chairman, Brian Krause was named Chief Revenue Officer, and Lona Therrien joined as Chief Marketing Officer. The company reported that no executive bonuses were paid for 2025 as it failed to meet the threshold levels for revenue, bookings growth, and EBITDA targets, with revenue at $17.3 million and an EBITDA loss of $3.9 million.
Key Highlights
- Ajay Amlani appointed President and CEO effective February 3, 2025.
- Gary Evee appointed Chairman of the Board in April 2025.
- Brian Krause appointed Chief Revenue Officer in March 2025.
- Lona Therrien appointed Chief Marketing Officer in May 2025.
- No executive bonuses paid for 2025 due to missed performance targets.
- 2025 revenue was $17.3 million, falling below the bonus threshold.
- 2025 EBITDA reflected a loss of $3.9 million, below the bonus threshold.
- Ajay Amlani's total compensation for 2025 was $1,826,746.
Price Impact
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