Form 8-K
8-K — authID Inc.
Accession: 0001213900-26-096463
Filed: 2026-09-02
Period: 2026-08-26
CIK: 0001534154
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — ea0304288-8k_authid.htm (Primary)
EX-10.1 — LETTER AGREEMENT DATED AUGUST 28, 2026 BETWEEN AUTHID INC. AND THOMAS R. SZOKE (ea030428801ex10-1.htm)
EX-10.2 — LETTER AGREEMENT DATED AUGUST 28, 2026 BETWEEN AUTHID INC. AND RHONIEL A. DAGURO (ea030428801ex10-2.htm)
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8-K — CURRENT REPORT
8-K (Primary)
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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): August
26, 2026
authID
Inc.
(Exact
name of registrant as specified in its charter)
Delaware
001-40747
46-2069547
(State
or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS
Employer
Identification Number)
1580
N. Logan St, Suite
660, Unit
51767, Denver,
Colorado
80203
(Address
of principal executive offices) (zip code)
516-274-8700
(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
Name
of each exchange on which registered
Common
Stock, par value $0.0001 per share
AUID
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.
Resignation
of Chief Executive Officer/Appointment of Chairman of the Board
On
August 26, 2026, Rhoniel A. Daguro notified the Board of Directors of the Company (the “Board”) of his resignation as Chief
Executive Officer of the Company, effective September 4, 2026. Mr. Daguro will continue to serve as a member of the Board. On August
28, 2026, the Board accepted Mr. Daguro’s resignation and acknowledged that such resignation constitutes a resignation for “Good
Reason” as that term is defined in the Executive Retention Agreement dated as of March 23, 2023 between the Company and Mr. Daguro
(the “Retention Agreement”). Mr. Daguro’s resignation as Chief Executive Officer was not the result of any disagreement
with the Company on any matter relating to the Company’s operations, policies or practices. On August 28, 2026, the Board appointed
Mr. Daguro to serve as Chairman of the Board, effective immediately, for the remainder of his current elected term as a director, subject
to his earlier resignation or removal in accordance with the Company’s Amended and Restated By-Laws.
Appointment
of Interim Chief Executive Officer
On
August 28, 2026, the Board appointed Thomas R. Szoke, the Company’s Chief Technology Officer, as Interim Chief Executive Officer
of the Company, effective September 4, 2026. Mr. Szoke will continue to serve as the Company’s Chief Technology Officer.
Mr.
Szoke, age 62, is a co-founder of the Company and has over 35 years of executive management, solutions engineering and operations management
experience in the government security, identity access management and SaaS solutions industries. Mr. Szoke rejoined the Company on March
9, 2023 and, in April 2023, was appointed Chief Technology Officer of the Company. He served as a director of the Company from March
2023 until June 2025. Mr. Szoke previously served as a director and as the Company’s Chief Solutions Architect, and held several
other executive positions with the Company from its inception in 2013 through 2021. From 2021 to 2023, Mr. Szoke was an independent consultant
to the Company and to others. Mr. Szoke has been issued several U.S. and international patents focused on identity solutions and pioneered
the concept and development of several of the Company’s product lines, including its Multi-Factor Out-of-Band Identity and Transaction
Authentication Platform.
There
are no family relationships between Mr. Szoke and any director or executive officer of the Company, and there are no arrangements or
understandings between Mr. Szoke and any other person pursuant to which he was appointed as Interim Chief Executive Officer. There are
no transactions between the Company and Mr. Szoke that are required to be disclosed pursuant to Item 404(a) of Regulation S-K, other
than as described in this Current Report on Form 8-K.
Compensatory
Arrangements of Certain Officers
On
August 28, 2026, in connection with the foregoing, the Company entered into a letter agreement with each of Mr. Szoke (the “Szoke
Letter”) and Mr. Daguro (the “Daguro Letter” and, together with the Szoke Letter, the “Letter Agreements”).
Each of the Letter Agreements defines a “Corporate Transaction” as the closing of a material transaction with a minimum gross
value to the Company above a certain threshold. All payments under the Letter Agreement (other than base salary) are subject to deduction
of all taxes and other amounts required by law and are subject to the terms of, and subordinate to all amounts due under, the series
of Senior Secured Debentures issued by the Company as of April 29, 2026.
1
Szoke
Letter
The
Szoke Letter amends Mr. Szoke’s Offer Letter dated as of April 12, 2023 and provides that, effective upon his appointment: (i)
Mr. Szoke’s responsibilities will comprise managing and overseeing all operations and matters of the Company and its subsidiaries,
together with such other functions as are customarily applicable to his position or as are reasonably assigned to him by the Board; (ii)
Mr. Szoke’s annual base salary will be increased to $300,000; (iii) the Company will pay Mr. Szoke a cash bonus of $10,000 within
five business days; and (iv) the Company will pay Mr. Szoke a cash bonus of $210,000 within five business days following the closing
of a Corporate Transaction, provided that he continues to serve as Chief Executive Officer on the date of such closing.
Daguro
Letter.
The
Daguro Letter amends the Retention Agreement, including Sections 4.1 through 4.4 thereof, and replaces in their entirety the letters
from the Compensation Committee of the Board to Mr. Daguro dated as of February 20, 2026 and May 26, 2026, which are of no further force
or effect. The Daguro Letter provides, among other things, that:
● the
Company will provide Mr. Daguro a monthly special stipend at the existing level of the premiums
necessary to fund ongoing health care coverage for Mr. Daguro and his dependents under the
Company’s health care plan for up to 12 months from his termination date, or if earlier,
until he secures other coverage;
● the
Company will pay Mr. Daguro a cash bonus of $400,000 within five business days following
the closing of a Corporate Transaction, provided that he has not resigned as Chairman of
the Board prior to such closing;
● with
respect to all stock options previously granted to Mr. Daguro, (A) the vesting of all unvested
stock options will continue for so long as he holds office as a director of the Company,
and (B) the exercisability of such options is extended to the date that is three years following
his cessation of service as a director of the Company;
● the
Company will grant Mr. Daguro (A) options to purchase 80,000 shares of common stock at an
exercise price equal to two times the Nasdaq Official Closing Price on August 28, 2026, subject
to such exercise price being not less than the Nasdaq Official Closing Price on the date
of grant, and (B) a warrant to purchase up to 20,000 shares of common stock at an exercise
price of $2.00 per share, with a two year time period, upon payment by Daguro to the Company
of $10,000 in cash or cash equivalents within six months of the date of the Daguro Letter.
These grants will be made once the trading window for the Company’s stock opens in
accordance with the Company’s Insider Trading Policy;
●
Mr. Daguro
will be eligible for, and will receive, the benefits and compensation the Company provides to its non-employee directors for so long
as he serves as a director; and
●
the payments
due under Section 4.1 of the Retention Agreement will be due and payable (A) on a pro-rated monthly basis until such time as Mr.
Daguro secures alternative employment at a base salary of not less than $400,000 per annum, and (B) with the first payment, which
will include all amounts accrued from the date of Mr. Daguro’s August 26, 2026 letter, due as stated in the Retention Agreement
but paid within five business days following the closing of a Corporate Transaction, and thereafter in accordance with the payment
schedule set forth in Section 4.1 of the Retention Agreement.
2
Mr.
Daguro has agreed to provide a release of claims as required by Section 7.3 of the Retention Agreement upon the first payment made under
the Daguro Letter, excluding claims arising out of the Daguro Letter and the Retention Agreement as amended, rights of indemnification
thereunder or pursuant to the Company’s By-Laws, Certificate of Incorporation or applicable law, and claims relating to his ownership
of issued or granted equity or securities of the Company.
The
foregoing descriptions of the Szoke Letter and the Daguro Letter do not purport to be complete and are qualified in their entirety by
reference to the full text of the Szoke Letter and the Daguro Letter, copies of which are filed as Exhibit 10.1 and Exhibit 10.2, respectively,
to this Current Report on Form 8-K and are incorporated herein by reference.
Cautionary
Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements regarding the Company’s leadership transition and the anticipated effectiveness thereof,
the Company’s pursuit and possible consummation of a Corporate Transaction, and the timing and amount of the payments and equity
awards contemplated by the Letter Agreements. These statements are based on management’s current expectations and are subject to
known and unknown risks and uncertainties, including the Company’s ability to raise additional capital on acceptable terms or at
all, substantial doubt regarding the Company’s ability to continue as a going concern, the risk that the Company does not identify
or consummate a Corporate Transaction, the effects of the leadership transition on the Company’s business, employees, customers
and partners, the Company’s ability to retain key personnel and to identify and appoint a permanent Chief Executive Officer, and
the other factors described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December
31, 2025 and in its subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date
on which they are made, and the Company undertakes no obligation to update any forward-looking statement, except as required by law.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
Description
10.1*
Letter Agreement dated August 28, 2026 between authID Inc. and Thomas R. Szoke.
10.2*
Letter Agreement dated August 28, 2026 between authID Inc. and Rhoniel A. Daguro.
104
Cover Page Interactive
Data File (embedded within the Inline XBRL document).
* Certain
confidential portions of this exhibit were omitted by means of marking such portions with
asterisks because the identified confidential portions (i) are not material and (ii) is the
type that the registrant treats as private or confidential. A copy of any omitted portions
will be furnished to the SEC upon request.
3
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.
authID
Inc.
Date: September 1, 2026
By:
/s/
Edward Sellitto
Name:
Edward Sellitto
Title:
Chief Financial Officer
4
EX-10.1 — LETTER AGREEMENT DATED AUGUST 28, 2026 BETWEEN AUTHID INC. AND THOMAS R. SZOKE
EX-10.1
Filename: ea030428801ex10-1.htm · Sequence: 2
Exhibit 10.1
August 28, 2026
VIA EMAIL
Thomas R. Szoke
[*]
Re: Appointment as Interim CEO of authID (the “Company”)
Dear Tom,
I am pleased to write to you on behalf of the Board
of Directors of the Company (the “Board”) to appoint you as Interim Chief Executive Officer of the Company (“CEO”)
with effect from September 4, 2026
In consideration of your agreement to serve as
CEO, the Company and you agree to the following terms, which amend your Offer Letter dated as of April 12, 2023:
(1) Your job responsibilities
will comprise managing and overseeing all operations and matters of the Group, in order to establish a successful business and manage
growth. In addition, you will undertake such functions as are customarily applicable to your position, as well as those that are reasonably
assigned to you by the Board.
(2) Your base salary shall be increased to $300,000
per annum, with effect from the date of your appointment.
(3) The Company shall pay you a cash bonus in the
sum of $10,000 within five (5) business days.
(4) The Company shall pay you a cash bonus in the
sum of $210,000 within five (5) business days after a closing of a [*] material transaction with a gross value to the Company of over
[*] (“Corporate Transaction”), provided that you continue to serve as CEO the date of such closing. This bonus amends and
replaces the bonus awarded to you by the Compensation Committee on March 13, 2026.
(5) For the avoidance of doubt, (a) payments under
this letter shall be subject to deduction of all taxes and other amounts required by law; and (b) payment of the cash bonus under paragraph
(4) shall be subject to the terms of and subordinate to all amounts due under the Series of Senior Secured Debentures issued by the Company
as of April 29, 2026.
* Certain identified information has been omitted from this exhibit
because it is both not material and is the type that the registrant treats as private or confidential.
authID Inc. ● 1580 N. Logan St., Suite 660 ● Unit 51767 ● Denver, CO 80203 ● Tel +1 516 274 8700 ● www.authid.ai
Thomas R. Szoke:
Page 2
August 28, 2026
Please confirm your agreement with the terms set
forth above by signing below.
Sincerely,
/s/ Michael Koehneman
Michael Koehneman
Lead Independent Director
authID Inc.
AGREED THIS August 28, 2026
/s/ Thomas Szoke
Thomas R. Szoke
authID Inc. ● 1580 N. Logan St., Suite 660 ● Unit 51767 ● Denver, CO 80203 ● Tel +1 516 274 8700 ● www.authid.ai
EX-10.2 — LETTER AGREEMENT DATED AUGUST 28, 2026 BETWEEN AUTHID INC. AND RHONIEL A. DAGURO
EX-10.2
Filename: ea030428801ex10-2.htm · Sequence: 3
Exhibit 10.2
August 28, 2026
VIA EMAIL
Rhoniel A. Daguro,
[*]*
Re: Resignation as CEO of authID (the “Company”)
and Appointment as Chairman of the Board of Directors (the “Board”)
Dear Rhon,
I refer to your letter dated August 26, 2026, by
which you resigned as CEO of the Company effective September 4, 2026. On behalf of the Company the Board hereby accepts your resignation
for “Good Reason” as defined in your Executive Retention Agreement dated as March 23, 2023 (“Retention Agreement”).
I also refer to the Compensation Committee’s
letters to you dated as of February 20, 2026 and May 26, 2026 (collectively the “Retention Letters”).
The Board is pleased that you have decided to remain
on the Board and the Board has resolved to appoint you as Chairman of the Board effective immediately, during the remainder of your current
elected term, subject to your earlier resignation, or removal, in accordance with the By-Laws of the Company.
In consideration of your agreement to serve as
Chairman of the Board, the Company and you agree to the following terms:
(1) The Company shall provide a monthly special
stipend to you at the existing level of the premiums necessary to fund your and your dependents ongoing health care coverage under the
Company’s healthcare plan for up to 12 months from the Termination Date, or if earlier until you secure other coverage;
(2) The Company shall pay
you a cash bonus in the sum of $400,000 within five (5) business days after a closing of a [*] material transaction with a gross value
to the Company of over [*] (“Corporate Transaction”), provided that you do not resign as Chairman of the Board prior to such
closing;
* Certain identified information has been omitted from this
exhibit because it is both not material and is the type that the registrant treats as private or confidential.
authID Inc. ● 1580 N. Logan St., Suite 660 ● Unit 51767 ● Denver, CO 80203 ● Tel +1 516 274 8700 ● www.authid.ai
Rhoniel A. Daguro:
Page 2
September 1, 2026
(3) As to all stock options previously granted
to you by the Company: (a) the vesting of all unvested stock options shall continue through the duration of your holding the office of
Director of the Company and (b) the Company hereby extends their exercisability to the date which is three years following your cessation
of service as a Director of the Company.
(4) The Company agrees to: (A) grant you options
to purchase 80,000 shares of Common Stock at a price equal to two times (2x) the Nasdaq Official Closing Price on the date of this letter
(subject to the price being not less than the Nasdaq Official Closing Price on the date of grant). (B) grant you a warrant to purchase
up to 20,000 shares of common stock at a price of $2.00 per share with a two year time period, upon payment by you to the Company of $10,000
in cash or cash equivalents within six months of the date of this letter. These grants will be made once the trading window for Company
stock opens in accordance with the Company’s Policy on Insider Trading.
(5) You shall also be eligible for and receive
such benefits and compensation that the Company provides its non-employee Directors for so long as you are a Director.
(6) You hereby agree that the payments due under
Section 4.1 of the Retention Agreement shall be due and payable as follows: (a) on a pro-rated monthly basis for such period until you
secure alternative employment at a base salary of not less than $400,000 per annum; and (b) the first payment, which shall include all
amounts accrued from the date of your August 26, 2026 letter, shall be due as stated in the Retention Agreement but paid within five (5)
business days after a close of a Corporate Transaction and thereafter in accordance with the payment schedule of Section 4.1 of the Retention
Agreement.
(7) You agree that this letter (a) amends the Retention
Agreement and in particular sections 4.1 through 4.4 thereof, and you agree to provide a release of claims (excepting claims arising out
of this letter and the Retention Agreement as amended, rights of indemnification thereunder or pursuant to the By-Laws, Certificate of
Incorporation, or applicable law, or ownership of issued or granted equity or securities in the Company) as required by Section 7.3 of
the Retention Agreement upon the first payment under paragraph (2) or (5) of this letter; and (b) this letter replaces the Retention Letters
in their entirety, which shall henceforth be of no further force or effect.
(8) For the avoidance of doubt, payments under
this letter shall be (a) subject to the terms of and subordinate to all amounts due under the Series of Senior Secured Debentures issued
by the Company as of April 29, 2026; and (b) subject to deduction of all taxes and other amounts required by law.
[Signature page follows]
authID Inc. ● 1580 N. Logan St., Suite 660 ● Unit 51767 ● Denver, CO 80203 ● Tel +1 516 274 8700 ● www.authid.ai
Rhoniel A. Daguro:
Page 3
September 1, 2026
Please confirm your agreement with the terms set
forth above by signing below.
Sincerely,
/s/ Michael Koehneman
Michael Koehneman
Lead Independent Director
authID Inc.
AGREED THIS August 28, 2026
/s/ Rhoniel A. Daguro
Rhoniel A. Daguro
authID Inc. ● 1580 N. Logan St., Suite 660 ● Unit 51767 ● Denver, CO 80203 ● Tel +1 516 274 8700 ● www.authid.ai
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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
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X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
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dei_LocalPhoneNumber
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
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Namespace Prefix:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
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Data Type:
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Balance Type:
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- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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