Are there any related-party or family relationships involving new CEO David Holmes at Socket Mobile?

Socket Mobile stated there are no family relationships between David Holmes and any director or executive officer. The company also reported no transactions involving him requiring Item 404(a) disclosure, beyond those already described in prior SEC filings such as its proxy statement.

Socket Mobile replaces CEO, appoints David Holmes

Socket Mobile, Inc. reported a leadership change.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

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.

Positive

None.

Negative

CEO removal and transition: The Board removed Kevin Mills as President and Chief Executive Officer and placed him on paid administrative leave while negotiating his termination date, creating leadership uncertainty until the new CEO establishes a clear direction.

Insights

Socket Mobile replaces its CEO and raises the new leader’s base pay.

The independent directors removed Kevin Mills as President and CEO on June 8, 2026, placing him on paid administrative leave while they negotiate his termination date. Abrupt CEO transitions can disrupt strategy and introduce uncertainty, even when no reason is given.

On June 12, 2026, the Board named David A. Holmes, previously Chief Business Officer, as the new CEO and increased his annual base salary to $320,000 from $287,000. Promoting an internal executive with sector experience may support continuity, but the overall impact will depend on future operational results under Holmes’ leadership.

8-K Event Classification

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

1 item

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.

Key Figures

CEO removal decision date: June 8, 2026 New CEO effective date: June 12, 2026 Prior base salary: $287,000 +2 more

5 metrics

CEO removal decision date June 8, 2026 Board decided to remove Kevin Mills as President and CEO

New CEO effective date June 12, 2026 David A. Holmes appointed President and CEO effective immediately

Prior base salary $287,000 David Holmes’ annual base salary before CEO appointment

New base salary $320,000 David Holmes’ annual base salary after CEO appointment

New CEO age 51 Age of David A. Holmes at time of appointment

Key Terms

paid administrative leave, Near-Field Communications (NFC), Item 404(a) of Regulation S-K, Definitive Proxy Statement on Schedule 14A

4 terms

paid administrative leave financial

"Mr. Mills remains on paid administrative leave."

Near-Field Communications (NFC) technical

"over 20 years of experience in the Near-Field Communications (NFC) and mobile payments industry."

Item 404(a) of Regulation S-K regulatory

"There are no transactions involving Mr. Holmes requiring disclosure under Item 404(a) of Regulation S-K"

Definitive Proxy Statement on Schedule 14A regulatory

"described in the Company’s Definitive Proxy Statement on Schedule 14A relating to the Company’s 2026 annual meeting"

FAQ

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

What leadership change did Socket Mobile (SCKT) announce in this 8-K?

Socket Mobile reported that its Board removed Kevin Mills as President and CEO and placed him on paid administrative leave. The company simultaneously appointed David A. Holmes as the new President and Chief Executive Officer, effective June 12, 2026, shifting overall executive leadership.

Who is the new CEO of Socket Mobile (SCKT) and what is his background?

David A. Holmes became Socket Mobile’s President and CEO effective June 12, 2026. He joined the company in May 2021 as Chief Business Officer and has over 20 years of experience in Near-Field Communications and mobile payments with prior roles at NXP, Identive Group, and UL Solutions.

What happened to former Socket Mobile CEO Kevin Mills?

The independent directors decided on June 8, 2026, to remove Kevin Mills from his role as President and CEO. While the parties negotiate the date of his employment termination, Mills remains on paid administrative leave and no further details were provided in this disclosure.

How did Socket Mobile change David Holmes’ compensation when appointing him CEO?

In connection with his appointment as President and CEO, David Holmes’ annual base salary increased from $287,000 to $320,000, effective June 12, 2026. All other material terms of his employment agreement remain unchanged from those described in Socket Mobile’s 2026 definitive proxy statement.

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

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Accepted by SEC EDGAR 06/12/2026 - 04:05 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

June 8, 2026

Date of Report
(Date of earliest event reported)

SOCKET MOBILE, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-13810		94-3155066
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

40675 Encyclopedia Cir.

Fremont, CA 94538

(Address of principal executive offices, including zip code)

(510) 933-3000

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):

[ ] 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 240.13e-4(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, $0.001 Par Value per Share	SCKT	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.

Departure of President and Chief Executive Officer

On June 8, 2026, the independent members of the Board of Directors (the “Board”) of Socket Mobile, Inc. (the “Company”) notified Kevin Mills of the Board’s decision to remove him from his role as President and Chief Executive Officer of the Company. While the parties negotiate the date of Mr. Mills’ termination of employment with the Company, Mr. Mills remains on paid administrative leave.

Appointment of President and Chief Executive Officer

On June 12, 2026, the Board appointed David A. Holmes, age 51, as President and Chief Executive Officer of the Company, effective immediately.

Mr. Holmes joined the Company in May 2021 as Chief Business Officer and has been responsible for the Company's worldwide business development and marketing activities since that time. Mr. Holmes has over 20 years of experience in the Near-Field Communications (NFC) and mobile payments industry. Prior to joining the Company, he held positions with NXP and Identive Group. Most recently, from February 2016 to May 2021, he was with UL Solutions’ Cybersecurity division, where he was responsible for Global Strategic Accounts. Mr. Holmes holds a Master of Business Administration degree from Portland State University and a Bachelor of Science degree in Industrial Engineering from the University of Nebraska.

In connection with Mr. Holmes’ appointment as President and Chief Executive Officer, the Board approved an increase in his annual base salary from $287,000 to $320,000, effective June 12, 2026. All other material terms of Mr. Holmes' employment agreement remain unchanged and are described in the Company’s Definitive Proxy Statement on Schedule 14A relating to the Company’s 2026 annual meeting of stockholders, filed with the Securities and Exchange Commission on April 14, 2026.

There are no arrangements or understandings between Mr. Holmes and any other person pursuant to which he was selected as President and Chief Executive Officer, except as described herein. There are no family relationships between Mr. Holmes and any director or executive officer of the Company. There are no transactions involving Mr. Holmes requiring disclosure under Item 404(a) of Regulation S-K, except as previously disclosed in the Company's filings with the Securities and Exchange Commission.

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.

		SOCKET MOBILE, INC.

	By:	/s/ Lynn Zhao
		Name: Lynn Zhao Chief Financial Officer and Director

Date: June 12, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Socket Mobile replaces CEO, appoints David Holmes