Mastech Digital names Nirav Patel as CEO; Vivek Gupta resigns effective Jan 6, 2025

Mastech Digital, Inc.

Nirav Patel appointed President, CEO and board member effective Jan 6, 2025; base salary $1M, cash signing bonus $2M.
Patel receives stock options to purchase 702,358 shares vesting over time and based on market cap milestones ($300M, $450M, $600M).
Vivek Gupta resigns as CEO and director effective Jan 6, 2025; will stay as employee through Feb 28, 2025 for transition.
Gupta's resignation not due to disagreement; he will receive payments per separation agreement under his existing employment contract.
Board approved 2024 Inducement Stock Incentive Plan reserving 1.5M shares for equity grants to new hires as employment inducements.

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