ClearOne keeps CEO Graham in transitional role

ClearOne, Inc. kept leadership continuity by arranging for Derek L. Graham to continue serving as chief executive officer on a transitional basis after his prior employment agreement expired on March 31, 2026.

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Form Type

8-K

Rhea-AI Filing Summary

ClearOne, Inc. kept leadership continuity by arranging for Derek L. Graham to continue serving as chief executive officer on a transitional basis after his prior employment agreement expired on March 31, 2026. On April 1, 2026, the company and Mr. Graham signed a Letter Agreement covering this new arrangement.

Under the Letter Agreement, Mr. Graham will provide consulting services for up to ten hours per week at a rate of $160 per hour while continuing to perform all CEO functions. The agreement does not have a fixed term and may be terminated at any time by either ClearOne or Mr. Graham.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Consulting rate: $160 per hour Weekly consulting cap: 10 hours per week Employment agreement expiration: March 31, 2026 +1 more

4 metrics

Consulting rate $160 per hour CEO consulting services under Letter Agreement

Weekly consulting cap 10 hours per week Maximum consulting time for Derek L. Graham

Employment agreement expiration March 31, 2026 End of prior CEO employment agreement

Letter Agreement date April 1, 2026 Effective date of new CEO consulting arrangement

Key Terms

Letter Agreement, consulting services, chief executive officer on a transitional basis, Emerging growth company, +1 more

5 terms

Letter Agreement financial

"entered into a letter agreement (the “Letter Agreement”) with Derek L. Graham"

consulting services financial

"Mr. Graham will provide consulting services for up to ten hours per week"

Consulting services are professional advice and hands-on support sold by outside experts to help organizations solve problems, make decisions, or improve operations—like hiring a trusted coach or mechanic for a business. For investors, consulting work matters because it can be a steady revenue source, signal a company’s capabilities and relationships, and affect profit margins and growth prospects depending on whether contracts are one-off projects or ongoing retainers.

chief executive officer on a transitional basis financial

"continued service as the Company’s chief executive officer on a transitional basis"

Emerging growth company regulatory

"Emerging growth company Securities Registered Pursuant to Section 12(b)"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Inline XBRL technical

"The cover page from this on , formatted in Inline XBRL."

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ClearOne (CLRO) announce about its CEO role in this 8-K?

ClearOne announced a Letter Agreement with Derek L. Graham, allowing him to continue performing all chief executive officer functions on a transitional basis after his prior employment agreement expired on March 31, 2026.

How will Derek L. Graham be compensated under ClearOne’s (CLRO) new Letter Agreement?

Under the Letter Agreement, Derek L. Graham will provide consulting services for up to ten hours per week and be paid $160 per hour while continuing to perform all duties of ClearOne’s chief executive officer.

Does ClearOne’s (CLRO) new CEO Letter Agreement have a fixed term?

The Letter Agreement between ClearOne and Derek L. Graham does not have a fixed term. It continues indefinitely and may be terminated at any time by either the company or Mr. Graham, providing flexible transitional leadership arrangements.

When did Derek L. Graham’s prior ClearOne (CLRO) employment agreement expire?

Derek L. Graham’s prior employment agreement with ClearOne expired on March 31, 2026. The new Letter Agreement, dated April 1, 2026, ensures he continues in a transitional chief executive officer role immediately after that expiration.

What document governs Derek L. Graham’s current role at ClearOne (CLRO)?

Derek L. Graham’s current role is governed by a Letter Agreement dated April 1, 2026. This agreement covers his consulting arrangement and confirms he will continue performing all functions of ClearOne’s chief executive officer on a transitional basis.

Where can investors find the full text of ClearOne’s CEO Letter Agreement?

The full text of the Letter Agreement between ClearOne and Derek L. Graham is filed as Exhibit 10.1 to the company’s current report, and that exhibit is incorporated by reference into the disclosure about his transitional CEO role.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:30 PM

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): April 3, 2026 (April 1, 2026)

ClearOne, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-33660		87-0398877
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

5225 Wiley Post Way, Suite 500, Salt Lake City, Utah		84116
(Address of principal executive offices)		(Zip Code)

+1 (801) 975-7200

(Registrant’s telephone number, including area code)

Not applicable

(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 communication pursuant to Rule 13e-4© under the Exchange Act (17 CFR 240.13e-4©)

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. ☐

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, $0.001	CLRO	The NASDAQ Capital Market

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 1, 2026, ClearOne, Inc. (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Derek L. Graham to provide for Mr. Graham’s continued service as the Company’s chief executive officer on a transitional basis after the expiration on March 31, 2026 of the term of Mr. Graham’s employment agreement dated December 23, 2025. Under the terms of the Letter Agreement, Mr. Graham will provide consulting services for up to ten hours per week at a rate of $160 per hour and will continue to perform all of the functions of the Company’s Chief Executive Officer. The Letter Agreement does not have a fixed term and may be terminated by the Company or Mr. Graham at any time.

The foregoing summary of the Letter Agreement does not purport to be complete and is qualified in its entirety by the full text of the Letter Agreement, which is filed as Exhibits 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Number		Exhibit Title
10.1		Letter Agreement dated April 1, 2026 by and between ClearOne, Inc. and Derek L. Graham.
104.1		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

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.

	CLEARONE, INC.

Date: April 3, 2026	By:	/s/ Simon Brewer
		Simon Brewer
		Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

6 documents