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CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Effective as of January 24, 2024, Aaron Sullivan was appointed as the full-time Chief Financial Officer, Treasurer and Secretary of PodcastOne, Inc. (the “Company”) in connection with Mr. Sullivan’s appointment to the same positions with LiveOne, Inc., the Company’s parent (“LiveOne”), and LiveOne’s other major subsidiaries.
Mr. Sullivan, age 42, has served as the Company’s and LiveOne’s Interim Chief Financial Officer since December 31, 2021. Mr. Sullivan has held various positions since joining LiveOne as its Controller and Executive Vice President in March 2019, including as the Interim Treasurer and Interim Secretary of the Company and the Executive Vice President, Controller, Interim Treasurer and Interim Secretary of LiveOne. Mr. Sullivan is a seasoned executive with extensive financial, mergers and acquisitions and operational experience in building, managing and scaling organizations, as well with financial reporting and internal controls. Mr. Sullivan has built and led financial organizations across multi-billion-dollar technology companies. Prior to joining the Company, Mr. Sullivan served as the Controller - Cloud of j2 Global, Inc. (now Consensus Cloud Solutions, Inc.), a cloud software company, since July 2015. Prior to that, Mr. Sullivan worked at PricewaterhouseCoopers LLP, a global public accounting firm. Mr. Sullivan holds a B.A, Business & Economics degree from Trinity College Dublin, Ireland and is a Certified Public Accountant.
There is no arrangement or understanding between Mr. Sullivan and any other persons pursuant to which Mr. Sullivan was appointed to his positions. There are no family relationships between Mr. Sullivan and any of the Company’s officers or directors. Other than as described below, there are no other transactions to which the Company or any of its subsidiaries is a party in which Mr. Sullivan has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
Mr. Sullivan’s compensation for service as the Company’s Chief Financial Officer, Treasurer and Secretary will be as provided in his Employment Agreement with LiveOne, dated as of January 24, 2024, which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed by LiveOne with the U.S. Securities and Exchange Commission on January 30, 2024. In connection with his appointment and/or continued service in his current positions, the Company may provide additional compensation to Mr. Sullivan in the future.
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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.
| PODCASTONE, INC. | ||
| Dated: January 30, 2024 | By: | /s/ Aaron Sullivan |
| Name: | Aaron Sullivan | |
| Title: | Chief Financial Officer | |
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