Leadership & Pay ·
Gregory D. Smith appointed CEO and Chairman after Andrew Thompson resigns
RIMEAlgorhythm Holdings, Inc.
Algorhythm Holdings accepted the immediate resignation of CEO and Chairman Andrew Thompson, citing no disagreements. The board appointed Gregory D. Smith as the new CEO and Chairman effective November 2, 2026. Smith receives a $375,000 base salary, up to a $480,000 performance-adjusted cap, plus an annual bonus potential of 50% of base. He is granted 2,119,542 restricted shares, with half vesting immediately and the remainder on the first anniversary. The agreement includes significant change-in-control severance provisions and a one-year non-compete. Algorhythm Holdings operates in the technology sector.