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Posted 25 March, 2021

Intellicheck, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:IDN in a 8-K filed on 25 March, 2021.


  With the appointment of Mr. Gafke as President, Bryan Lewis will continue as the Company's Chief Executive Officer.  

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Overview of Intellicheck, Inc.
Technology • Internet/Online
Intellicheck, Inc. engages in the development, integration, and marketing of threat and identity authentication solutions. It offers professional services, retail, age, defense, guest, and port ID. The company was founded in 1994 and is headquartered in Melville, NY.
Market Cap
$33.3M
View Company Details
Intellicheck, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Appointment of New President.


The Board of Intellicheck, Inc. (the "Company") has appointed Garrett Gafke as the Company's President. Mr. Gafke's first day of employment as President was March 23, 2021 (the "Start Date"). Mr. Gafke brings considerable experience in the identity theft, fraud, and payments markets to his new position as President of Intellicheck. He is a successful entrepreneur and Fortune 500 executive, who combines early-stage innovation with public company experience. Mr. Gafke served as Founder, President and CEO of IdentityMind, a digital identity company, from September 2011 through September 2020. He also served as President and CEO of Paymate, a global payments and risk platform and as President and CEO for SteelEye, a regulatory compliance company. Mr. Gafke has previously served as a board member and advisor for startups, venture funds, and public companies. With the appointment of Mr. Gafke as President, Bryan Lewis will continue as the Company's Chief Executive Officer.


In connection with becoming the Company's President, Mr. Gafke and the Company have entered into an employment agreement, dated March 23, 2021 (the "Agreement"). The Agreement provides for a base salary of $325,000 per year. The Agreement also provides for participation in Company employee benefits programs, and certain potential annual incentive compensation awards. Mr. Gafke will also, on his first day of employment as President, be granted a restricted stock unit award of 90,000 shares and an option to purchase 60,000 shares of the Corporation's common stock, both of which are subject to a three-year vesting schedule under the Company's 2015 Omnibus Incentive Plan, as amended.


The Company's agreement with Mr. Gafke also provides for certain severance payments in the event Mr. Gafke is terminated without cause including pay for six (6) months if Mr. Gafke is terminated without cause less than 12 months after March 23, 2021 and pay for twelve (12) months if Mr. Gafke is terminated without cause after March 23, 2022.