Cuentas appoints Jeffery D. Johnson as CEO; discloses compensation terms

Cuentas Inc.

Jeffery D. Johnson appointed CEO effective Aug 25, 2021; replaces interim CEO Arik Maimon who remains Executive Chairman.
Employment agreement: base salary $300K/yr, annual incentive up to 100% of base, signing bonus $200K (two installments).
Stock option grant for 500,000 shares subject to shareholder approval of 2021 Share Incentive Plan; vesting over 3 years.
Founder Compensation Agreements: Arik Maimon base $295K/yr, Michael De Prado base $275K/yr, each eligible for annual incentive up to 100% of base and a 2.5% change-in-control bonus.

item 5.02 item 9.01

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Appointed

Jeffery D. Johnson

Chief Executive Officer

CUEN · Cuentas Inc.

Effective: 2021-08-25
Filed: August 31, 2021, 7:59 PM ET

On August 25, 2021, Jeffery D. Johnson was appointed as the chief executive officer of the Company, beginning on August 25, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffery D. Johnson was appointed as Chief Executive Officer at Cuentas Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On August 25, 2021, Jeffery D. Johnson was appointed as the chief executive officer of the Company, beginning on August 25, 2021.

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Source: SEC EDGAR

accession 0001213900-21-045784

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