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AI brief of an SEC Form 8-K · Algorhythm Holdings, Inc. (RIME)

Algorhythm Holdings names director Gregory D. Smith CEO and chairman after Thompson exit

Neutral Impact 4 of 5 leadership Written later

Algorhythm Holdings' CEO and Chairman Andrew Thompson resigned effective immediately, with the board stating no disagreement over operations, policies or practices. Director Gregory D. Smith was appointed to both roles on November 2, 2026, under a CEO agreement with a base salary of $375,000 rising to $480,000 on performance conditions.

Key points

  • Andrew Thompson resigned as CEO and Chairman, accepted by the board on October 30, 2026.
  • Gregory D. Smith, age 67 and a board member since September 2026, became CEO and Chairman on November 2, 2026.
  • Smith's agreement provides a 2,119,542-share restricted stock award, with 1,059,771 shares vesting immediately and 1,059,771 vesting on the first anniversary of the effective date.
  • Severance equals two times base salary plus maximum annual bonus; the filing reports 40,848,979 common shares outstanding as of November 4, 2026.

The filing

CompanyAlgorhythm Holdings, Inc. (RIME)
Form8-K, current report
Filed with the SECNov 5, 2026, 5:23 PM ET
Accession number0001493152-26-050282

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.