8-K filed February 23, 2022, 6:59 PM ET ticker KORE CIK 0001855457

M&A confidence high sentiment positive materiality 0.75

KORE acquires BMP and SIMON IoT for $68M to expand IoT in Connected Health

KORE Group Holdings, Inc.

Aggregate consideration $68M: $44.8M cash + 4.2M shares of KORE common stock valued at $23.2M.
Acquisition of BMP (IoT enablement for clinical trials) and SIMON IoT (IoT connectivity); positions KORE in high-growth life sciences.
Board changes: Chan Galbato resigns; Mark Neporent, H. Paulett Eberhart, James Geisler appointed as directors.
Inducement awards: 150,000 RSUs to Jared Deith and Steven Daneshgar, 75,000 to Michael DeSalvo, vesting over 2-4 years.
Expected close in February; BMP and SIMON IoT to operate as standalone entities.

item 1.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mark Neporent

Director

KORE · KORE Group Holdings, Inc.

Filed: February 23, 2022, 6:59 PM ET

the Board appointed Mark Neporent to serve as a Director of the Company, to serve until the Annual Meeting of Stockholders of the Company in 2023, effective February 16, 2023.

Appointed

H. Paulett Eberhart

Director

KORE · KORE Group Holdings, Inc.

Effective: 2022-02-16
Filed: February 23, 2022, 6:59 PM ET

effective February 16, 2022, the Board appointed each of (i) H. Paulett Eberhart to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2023

Departed

Chan W. Galbato

Director

KORE · KORE Group Holdings, Inc.

Effective: 2022-02-16
Filed: February 23, 2022, 6:59 PM ET

On February 16, 2022, Chan W. Galbato resigned from the Board of Directors of the Company (the “Board”) and all committees of the Board.

Appointed

James Geisler

Director

KORE · KORE Group Holdings, Inc.

Effective: 2022-02-16
Filed: February 23, 2022, 6:59 PM ET

(ii) James Geisler to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Mark Neporent was appointed as Director at KORE Group Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Mark Neporent to serve as a Director of the Company, to serve until the Annual Meeting of Stockholders of the Company in 2023, effective February 16, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

H. Paulett Eberhart was appointed as Director at KORE Group Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

effective February 16, 2022, the Board appointed each of (i) H. Paulett Eberhart to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chan W. Galbato resigned as Director at KORE Group Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

On February 16, 2022, Chan W. Galbato resigned from the Board of Directors of the Company (the “Board”) and all committees of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Geisler was appointed as Director at KORE Group Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

(ii) James Geisler to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2022.

View on SEC.gov

KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-050128

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