Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
Aether Holdings , Inc. (NASDAQ:ATHR), a prepackaged software services company, has formalized compensation agreements with its independent directors and established indemnification agreements, according to a recent 8-K filing with the Securities and Exchange Commission.
On April 30, 2025, the company entered into contracts with its independent directors, Justin P. Molander, David Mandel, and Timothy W. Murphy. These agreements were set forth following their appointment to the board on April 9, 2025, in connection with Aether Holdings’ initial public offering. The directors will receive an annual fee of $30,000, with an additional $5,000 for any director serving as the chair of a board committee. They will also be reimbursed for pre-approved business expenses related to their duties.
Alongside the compensation agreements, Aether Holdings also executed indemnification agreements with each independent director. These agreements provide protection against expenses and liabilities that the directors might incur in their role, in line with Delaware state law and the company’s corporate governance documents. The agreements also establish the conditions under which the company will not provide indemnity, such as in cases of certain legal violations or if indemnification is prohibited by law.
The indemnification agreements will remain in effect for ten years after a director’s service ends or one year after the final termination of any related proceedings, whichever is later. These agreements are standard practice to protect corporate directors as they carry out their governance responsibilities.
This move by Aether Holdings underscores the company’s commitment to corporate governance standards and its efforts to attract and maintain qualified independent directors. The details of these agreements are outlined in exhibits attached to the 8-K filing.
This news is based on the latest 8-K filing by Aether Holdings, Inc. with the SEC, and provides investors with important governance-related information about the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.