secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001213900-21-045784
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390021045784/0001213900-21-045784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390021045784/ea146669-8k_cuentasinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-045784

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer