Welcome to our dedicated page for Socket Mobile SEC filings (Ticker: SCKT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Socket Mobile, Inc. filings document an operating company focused on data capture and delivery solutions, including cordless barcode scanners, NFC/contactless readers, CaptureSDK-enabled applications, and related mobile workforce markets. Form 8-K reports furnish GAAP operating results, revenue and margin disclosures, and press releases for quarterly and annual periods.
Its regulatory record also covers capital structure and governance matters, including secured subordinated convertible note financings, note maturity extensions, senior-debt subordination, conversion terms, related-party approvals, and annual proxy materials for director elections and stockholder voting. These filings describe note security, maturity and conversion features, common-stock issuance terms, board approvals, director nominees, and shareholder meeting matters.
Socket Mobile, Inc. reported a leadership change. On June 8, 2026, the Board removed Kevin Mills from his role as President and Chief Executive Officer; he is currently on paid administrative leave while his employment termination date is negotiated.
On June 12, 2026, the Board appointed David A. Holmes, age 51, as the new President and Chief Executive Officer, effective immediately. Holmes has worked at the company since May 2021 as Chief Business Officer and has more than 20 years of experience in Near-Field Communications and mobile payments.
In connection with his promotion, Holmes’ annual base salary increases from $287,000 to $320,000, with other material terms of his employment agreement unchanged from those described in Socket Mobile’s 2026 proxy statement.
Socket Mobile, Inc. reported the results of its 2026 virtual Annual Meeting of Stockholders. Shareholders elected five directors under a plurality voting standard, including Charlie Bass, Kevin J. Mills, Bill Parnell, Ivan Lazarev, and Lynn Zhao.
At the record date, 8,222,958 shares of common stock and 733,194 unvested restricted shares were entitled to one vote each, and 6,352,157 shares, or 70.96% of total shares, were represented, establishing a quorum. Stockholders approved the advisory vote on executive compensation, with 3,650,326 votes for and 81.0% of votes cast in favor, and ratified Sadler, Gibb & Associates LLC as independent public accountants for fiscal year 2026 with 6,330,489 votes for, representing 99.7% of votes cast.
SOCKET MOBILE, INC. Chief Executive Officer Kevin J. Mills reported a bona fide gift of 128,981 shares of Common Stock on May 27, 2026. The shares were transferred at a stated price of $0.00 per share, indicating no sale proceeds. Following this gift, Mills directly holds 53,463 shares of Socket Mobile common stock.
Socket Mobile, Inc. received a Nasdaq deficiency notice because its common stock’s closing bid price stayed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
The company has 180 calendar days, until November 16, 2026, to regain compliance by maintaining at least a $1.00 bid price for a minimum of 10 consecutive business days, with Nasdaq staff able to extend this to 20 days. If it fails to regain or maintain compliance, its shares on the Nasdaq Capital Market under symbol “SCKT” could be delisted, which the company warns may materially and adversely affect trading liquidity, market price, access to capital, and overall financial condition.
Socket Mobile reported Q1 2026 revenue of $3.7 million, down about 7% from $4.0 million a year earlier, as demand softened in both U.S. and international markets. Gross margin edged up to 51.3%, reflecting cost control despite lower volume. The company posted a net loss of $0.9 million, slightly better than the prior-year loss of $1.0 million, and used $0.77 million of cash in operating activities. Cash and equivalents were $1.71 million at March 31, 2026, while current liabilities totaled $8.78 million, including $6.0 million of 10% secured subordinated convertible notes outstanding. A January 2026 bank amendment waived prior covenant defaults, cut the domestic credit line to $1.0 million, imposed a $1.0 million minimum cash balance, and extended the facility maturity to July 31, 2026. The company continues to invest in its XtremeScan, SocketCam, DuraScan, SocketScan and DuraSled product families and relies heavily on a few large distributors for sales and credit exposure.
Socket Mobile, Inc. reported first quarter 2026 results with revenue of $3.7 million, slightly below the prior-year period’s $3.97 million as customers delayed spending. Gross margin was 51.3%, up from 50.4%, reflecting a relatively stable profitability on each dollar of sales.
The company posted a net loss of $0.9 million, modestly improved from a $1.0 million loss a year earlier, with lower operating expenses helping offset softer revenue. Cash totaled $1.71 million as of March 31, 2026, and management highlighted a recent $0.5 million financing intended to support ongoing operations while it launches new products such as the S721 and iPhone 17e-focused solutions.
BASS CHARLIE reported acquisition or exercise transactions in this Form 4 filing.
Socket Mobile director Charlie Bass received a grant of 5,000 shares of common stock on April 29, 2026 as part of director compensation. The shares were issued in lieu of a portion of his annual cash retainer fee and valued at the market closing price of $0.8668 per share. Following this award, Bass directly holds 1,708,202 shares of common stock.
PARNELL WILLIAM L. JR reported acquisition or exercise transactions in this Form 4 filing.
SOCKET MOBILE, INC. director William L. Parnell Jr. received a grant of 5,000 shares of common stock on April 29, 2026. The shares were awarded under a Director Compensation Program that lets directors take stock instead of part of their cash retainer, valued at the market closing price of $0.8668 per share. Following this grant, he directly holds 96,600 common shares.
Lazarev Ivan reported acquisition or exercise transactions in this Form 4 filing.
SOCKET MOBILE, INC. director Ivan Lazarev received a grant of 4,000 shares of common stock on April 29, 2026. The shares were awarded at a value of $0.8668 per share under a Director Compensation Program that lets directors take stock instead of cash fees.
After this grant, Lazarev directly holds 105,560 common shares. The award represents a portion of his annual cash retainer fee, paid quarterly, and is compensation rather than an open‑market stock purchase.
Marx Felix reported acquisition or exercise transactions in this Form 4 filing.
SOCKET MOBILE, INC. director Felix Marx received a grant of 4,000 shares of common stock on April 29, 2026 as part of director compensation. The shares were issued in lieu of a portion of his annual cash retainer fee and valued at $0.8668 per share, based on the market closing price. Following this award, he holds 12,643 common shares directly. This reflects compensation-related share issuance rather than an open-market purchase.