Marpai appoints John Powers as President/COO; new employment agreements for CEO, CFO; COO resigns

Marpai, Inc.

John Powers appointed President and COO effective Jan 2, 2024; annual salary $150,000, RSU for 150,000 shares vesting over 2 years.
CEO Damien Lamendola entered new employment agreement effective Jan 2, 2024; salary $1.00, RSU for 600,000 shares vesting over 2 years.
CFO Steve Johnson entered new employment agreement effective Jan 2, 2024; salary $35,568, RSU for 350,000 shares vesting over 2 years.
COO Gonen Antebi resigned Jan 15, 2024; separation includes warrant for 130,000 shares at $2.50, consulting $5,000/month through Nov 30, 2024.
If Company achieves $5M unadjusted EBITDA in a fiscal year, each executive recommended for additional equity award of 100,000 RSUs with immediate vesting.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

John Powers

President and Chief Operating Officer

MRAI · Marpai, Inc.

Effective: 2024-01-02
Filed: January 18, 2024, 6:59 PM ET

appointed John Powers as President and Chief Operating Officer of the Company, effective as of January 2, 2024.

Departed

Gonen Antebi

Chief Operating Officer

MRAI · Marpai, Inc.

Effective: 2024-01-15
Successor: John Powers
Filed: January 18, 2024, 6:59 PM ET

Gonen Antebi, the Company’s Chief Operating Officer, resigned from his position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Powers was appointed as President and Chief Operating Officer at Marpai, Inc..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

appointed John Powers as President and Chief Operating Officer of the Company, effective as of January 2, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gonen Antebi resigned as Chief Operating Officer at Marpai, Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

Gonen Antebi, the Company’s Chief Operating Officer, resigned from his position.

View on SEC.gov

Marpai, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-005385

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