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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):
March 18, 2026
SOUNDHOUND AI, INC.
(Exact name of registrant as specified in its charter)
| Delaware |
|
001-40193 |
|
85-1286799 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
|
5400 Betsy Ross Drive
Santa Clara, CA |
|
95054 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (408) 441-3200
(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 (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)) |
| Title of each class |
|
Trading Symbol |
|
Name of each exchange on which registered |
| Class A Common Stock, $0.0001 par value per share |
|
SOUN |
|
The Nasdaq Stock Market LLC |
| Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share, subject to adjustment |
|
SOUNW |
|
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.
On March 18, 2026, SoundHound
AI, Inc. (the “Company”) announced that Nitesh Sharan will resign as Chief Financial Officer, effective April 3, 2026
(the “Transition Date”), to assume a leadership role at a company in the quantum computing space. Mr. Sharan’s
resignation is for personal reasons and did not arise from any disagreement on any matter relating to the operations, policies, financial
results or accounting practices of the Company. Mr. Sharan will serve as an advisor to the Company to support the transition.
The Company has
appointed James Hom, age 42, to serve as the Company’s Interim Chief Financial Officer, effective as of the Transition Date,
and he will hold the position of Interim Chief Financial Officer until his successor is chosen and qualified. He previously served
as Chief Financial Officer of SoundHound Inc. (“SoundHound”) from its founding in 2005. Mr. Hom is currently a
member of the board of directors of the Company and Chief Product Officer. He is one of the co-founders of SoundHound and has served
as an executive officer and member of SoundHound’s board since 2006. Mr. Hom is a graduate of Stanford University.
The Company has initiated
a process to identify the Company’s next permanent Chief Financial Officer with the assistance of an executive search firm.
Item 9.01. Financial Statement and Exhibits.
| Exhibit Number |
|
Description |
| 99.1 |
|
Press Release dated March 18, 2026. |
| 104 |
|
Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURE
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.
Dated: March 18, 2026
| |
SoundHound AI, Inc. |
| |
|
| |
/s/ Keyvan Mohajer |
| |
Name: |
Keyvan Mohajer |
| |
Title: |
Chief Executive Officer |
Exhibit 99.1
SoundHound AI Announces CFO Transition
Co-founder and Former CFO James Hom to Serve in
Interim Role
SANTA CLARA, Calif., Mar. 18, 2026 —
SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and conversational AI, today announced Chief Financial Officer Nitesh Sharan
will depart the company on April 3, 2026 to assume a leadership role at a company in the quantum computing space. Co-founder and Chief
Product Officer, James Hom, who served as the company’s first CFO from its founding in 2005, will serve as interim CFO. The company
has initiated a process to identify the Company’s next permanent Chief Financial Officer with the assistance of an executive search
firm. Sharan will serve as an advisor to the company to support the transition.
“Nitesh has been a valued and respected
partner to our leadership team, helping us scale SoundHound AI into a global leader in our industry,” said Keyvan Mohajer, CEO and
Co-Founder of SoundHound AI. “During his tenure, Nitesh built out an outstanding finance team and supported an eight-fold increase
in revenue. His many contributions position us for another year of robust growth with a solid balance sheet and strong financial foundation.
On behalf of our Board and leadership team, we all wish him continued success in his next chapter.”
Mohajer continued, “Our co-founder James
Hom is a proven leader with a powerful connection to our mission, having led both our Finance and Product organizations with distinction.
His interim leadership will ensure continuity and keep us focused on executing our strategy, serving our customers, and delivering long-term
value for shareholders.”
“I am proud of the tremendous success we
have achieved over the last four years and I’m confident in the company’s future,” said Nitesh Sharan. “SoundHound
is well positioned to continue to thrive for years to come, with a strong team in place to execute the company’s exciting vision.
I look forward to supporting a smooth transition and intend to remain a long-term shareholder of the company.”
About SoundHound AI
SoundHound AI (Nasdaq: SOUN), a global leader in voice and conversational AI, delivers solutions that allow businesses to offer superior
experiences to their customers. Built on proprietary technology, SoundHound’s voice AI delivers best-in-class speed and accuracy
in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices,
and restaurants. The company’s groundbreaking AI-driven products include Smart Answering, Smart Ordering, Dynamic Drive-Thru, and
the Amelia Platform, which powers AI Agents for enterprise. In addition, SoundHound’s Agentic AI for Automotive and Autonomics,
a category-leading operations platform that automates IT processes, have enabled SoundHound to power millions of products and services,
and process billions of interactions each year for world class businesses. For more information, visit: www.soundhound.com
Investors:
Scott Smith
408-724-1498
IR@SoundHound.com
Media:
Fiona McEvoy
415-610-6590
PR@SoundHound.com
