secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001104659-23-040315
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CXApp signs CEO employment agreement with Khurram Sheikh; appoints Leon Papkoff as CPO
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- Khurram Sheikh continues as CEO with $325k salary, $325k bonus target, and options for 844,200 shares vesting over 24 months.
- Leon Papkoff appointed CPO with $300k salary, $150k bonus target, and RSUs for 295,000 shares.
- Both agreements include change-in-control acceleration of equity vesting.
- Sheikh's options have 2-year term, exercise price at grant date market price.
- Papkoff's RSUs subject to Incentive Plan and Award Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000110465923040315/0001104659-23-040315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000110465923040315/tm2311221d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-040315

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