Former CFO Puneet Pamnani enters separation agreement; departure set for Feb 28, 2022

KORE Group Holdings, Inc.

Puneet Pamnani stepped down as CFO Nov 23, 2021; will remain as advisor through Feb 28, 2022.
Separation agreement provides 15 months base salary continuation after Feb 28, 2022.
Also receives COBRA premium payments for 15 months, 2021 annual bonus at 1.0 multiplier, and accrued PTO.
Restrictive covenants (confidentiality, non-competition, non-solicitation) reaffirmed and continue in effect.
Agreement includes general release of claims in favor of KORE and its affiliates.

item 5.02 item 9.01

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Departed

Puneet Pamnani

Chief Financial Officer

KORE · KORE Group Holdings, Inc.

Effective: 2022-02-28
Filed: January 7, 2022, 6:59 PM ET

Puneet Pamnani stepped down from his role as the Company’s Chief Financial Officer, effective November 23, 2021 (the “Transition Date”), and is expected to depart from the Company on February 28, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Puneet Pamnani departed as Chief Financial Officer at KORE Group Holdings, Inc..

Action: stepped down
Role: Chief Financial Officer

Exact text from the filing

Puneet Pamnani stepped down from his role as the Company’s Chief Financial Officer, effective November 23, 2021 (the “Transition Date”), and is expected to depart from the Company on February 28, 2022.

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KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-004546

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