Veritone (NASDAQ: VERI) CEO Ryan Steelberg Cuts Salary 50% to Back Cost Moves
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Veritone, Inc. reported that on July 14, 2026, its President, Chief Executive Officer and Chairman, Ryan Steelberg, voluntarily reduced his annual salary by 50%, from $665,000 to $332,500. The change applies to his cash compensation as a senior executive.
The company links this salary reduction to its ongoing cost reduction initiatives and a broader realignment of its business and operating cost structure. The move reflects an adjustment in top executive pay in the context of these restructuring and cost-management efforts.
Positive
- None.
Negative
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Previous CEO annual salary: $665,000
New CEO annual salary: $332,500
Salary reduction percentage: 50%
+1 more
4 metrics
Previous CEO annual salary
$665,000
Ryan Steelberg’s salary before the voluntary reduction noted on July 14, 2026
New CEO annual salary
$332,500
Ryan Steelberg’s salary after the 50% voluntary reduction
Salary reduction percentage
50%
Voluntary decrease in Ryan Steelberg’s annual salary to support cost reduction initiatives
Effective date of salary change
July 14, 2026
Date Veritone reports the voluntary salary reduction by its CEO, President and Chairman
Key Terms
cost reduction initiatives, realignment of its business and operating cost structure, Emerging growth company
3 terms
cost reduction initiatives financial
"to further support the Company’s ongoing cost reduction initiatives in light of"
realignment of its business and operating cost structure financial
"in light of the realignment of its business and operating cost structure"
Emerging growth company regulatory
"Emerging growth company"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What salary change did Veritone (VERI) announce for CEO Ryan Steelberg?
Veritone announced that CEO Ryan Steelberg’s annual salary was cut by 50%, from $665,000 to $332,500. The company states this voluntary reduction supports its ongoing cost reduction initiatives and the realignment of its business and operating cost structure.
Why did Ryan Steelberg reduce his salary at Veritone (VERI)?
Ryan Steelberg reduced his salary to support Veritone’s cost reduction initiatives. The company explains the move is tied to efforts to realign its business and operating cost structure, indicating the change is part of a broader expense-management and restructuring context.
When did Veritone (VERI) say Ryan Steelberg’s salary reduction occurred?
Veritone states that on July 14, 2026, Ryan Steelberg voluntarily reduced his salary. This date is identified as when the CEO, President and Chairman implemented the 50% reduction in his annual cash compensation to align with cost-cutting initiatives.
What is Ryan Steelberg’s new annual salary at Veritone (VERI)?
After the change, Ryan Steelberg’s new annual salary is $332,500. This reflects a voluntary 50% reduction from his prior $665,000 salary, which the company links to its cost reduction initiatives and business and operating cost structure realignment.
Which corporate initiatives are referenced with the Veritone (VERI) CEO salary cut?
The company links the CEO’s salary cut to ongoing cost reduction initiatives and the realignment of its business and operating cost structure. These initiatives provide the stated context for Ryan Steelberg’s voluntary 50% reduction in annual salary.
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): July 14, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | ||||
(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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 8.01 Other Events
On July 14, 2026, Ryan Steelberg, the President, Chief Executive Officer and Chairman of the Board of Directors of Veritone, Inc. (the “Company”), voluntarily reduced his salary by 50% from $665,000 to $332,500 to further support the Company’s ongoing cost reduction initiatives in light of the realignment of its business and operating cost structure.
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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.
| VERITONE, INC. | ||||||||
| By: | /s/ MICHAEL L. ZEMETRA | |||||||
| Michael L. Zemetra | ||||||||
| Executive Vice President, Chief Financial Officer and Treasurer | ||||||||
| (Principal Financial and Accounting Officer) | ||||||||
Date: July 16, 2026
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