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    Dr. Keyvan Mohajer

    Chief Executive Officer at SoundHound AI Inc
    Since April 2022
    Age
    46 years
    Education
    Holds a Bachelor of Science in Electrical Engineering from the University of Toronto (2000), a Master of Science in Electrical Engineering (2002), and a Ph.D. in Electrical Engineering (2007) from Stanford University.
    Tenure
    Started leadership at SOUN as a co-founder in 2005 and became the Chief Executive Officer in April 2022 following the consummation of the Business Combination.

    Also at SoundHound AI Inc

    JH
    James Hom
    Chief Product Officer
    DME
    Dr. Majid Emami
    Vice President of Engineering
    MZ
    Michael Zagorsek
    Chief Operating Officer

    About

    A technical founder and visionary entrepreneur with over 20 years of industry experience, he holds strong academic credentials including a Bachelor’s degree in Electrical Engineering from the University of Toronto, and both a Master’s and a Ph.D. in Electrical Engineering from Stanford University.

    In 2005, he co-founded the company and has since been integral in shaping its strategic direction and technology innovations. In April 2022, following the consummation of the Business Combination, he assumed the role of Chief Executive Officer, guiding the organization through significant growth and advancement in AI technologies.

    His contributions are underscored by an impressive portfolio of over 90 patents granted or pending, and recognition as a ‘Top 40 Under 40’ business leader by the Silicon Valley Business Journal in 2017. His leadership continues to drive advancements in voice AI and positions the company as a key player in the tech industry.

    $SOUN Performance Under Dr. Keyvan Mohajer

    Past Roles

    OrganizationRoleDate RangeDetails
    Legacy SoundHoundChief Executive Officer; Board Member2005 – April 2022 Co-founded Legacy SoundHound and served as CEO until the business combination in April 2022; held board membership from its formation

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Annualized Base Salary$450,000 Annual for 2023Participated in a salary reduction program (Dec 1, 2022 – May 31, 2023) with 15% salary foregone; no restricted stock received in lieu.
    Service-Vesting Restricted Stock Awards600,000 shares; $1,326,000 (fair value) 36 monthly installments starting Sep 1, 2023 over 3 yearsGranted on Aug 3, 2023; vests in equal monthly increments over 36 months.

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Bonus Performance Metrics

    MetricWeightTarget ValuePerformance RangeActual Achievement
    Revenue25%$46.5M $43M – $50M $45.9M (91%)
    Adjusted EBITDA25%$2M $0 – $4M ($1M) (0%)
    Annual Recurring Revenue25%$40M $30M – $50M $20M (0%)
    Individual Performance25%N/AN/A100%

    Bonus Details:

    • Bonus Target: $450,000.
    • Bonus Maximum: $675,000 (150% of base salary).
    • Bonus Earned: $215,359 based on performance metrics.
    • Bonus Actually Paid: $116,103 after the Compensation Committee applied a discretionary reduction to 25% payout.

    Additional Notes:

    • The performance metrics are part of the company's Annual Bonus Compensation Plan for 2023.
    • The evaluation period corresponds to the 2023 performance year.
    • The Committee exercised discretion despite some targets being exceeded, reflecting the overall financial situation.