Cuentas CEO Jeffery Johnson resigns; co-founders Maimon and De Prado named interim CEO and President

Cuentas Inc.

Jeffery D. Johnson resigned as CEO effective Aug 18, 2022; receives $100k separation payment plus COBRA through end of 2022.
Arik Maimon (Chairman) appointed Interim CEO and Michael De Prado (Vice Chairman) appointed Interim President, both at no extra compensation.
Board formed a CEO search committee to find a permanent qualified veteran CEO.
Johnson's 160,000 stock options accelerated, exercisable for three years after resignation; separation described as cordial.

item 5.02

Executive movements

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

Departed

Jeffery D. Johnson

Chief Executive Officer

CUEN · Cuentas Inc.

Effective: 2022-08-18
Successor: Arik Maimon
Filed: August 24, 2022, 7:59 PM ET

On August 18, 2022, Jeffery D. Johnson signed a Separation of Employment Agreement between himself and the Company, and resigned as the chief executive officer of the Company effective immediately.

Appointed (interim)

Michael De Prado

Interim President

CUEN · Cuentas Inc.

Effective: 2022-08-19
Filed: August 24, 2022, 7:59 PM ET

and Michael De Prado as Interim President (in addition to his current position as Vice Chairman of the Board).

Appointed (interim)

Arik Maimon

Interim Chief Executive Officer

CUEN · Cuentas Inc.

Effective: 2022-08-19
Filed: August 24, 2022, 7:59 PM ET

On August 19, 2022, the Company's Board of Directors approved a motion to appoint Arik Maimon as Interim CEO (in addition to his current position as Chairman of the Board)

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffery D. Johnson resigned as Chief Executive Officer at Cuentas Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On August 18, 2022, Jeffery D. Johnson signed a Separation of Employment Agreement between himself and the Company, and resigned as the chief executive officer of the Company effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael De Prado was appointed as Interim President at Cuentas Inc..

Action: appointed
Role: Interim President

Exact text from the filing

and Michael De Prado as Interim President (in addition to his current position as Vice Chairman of the Board).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Arik Maimon was appointed as Interim Chief Executive Officer at Cuentas Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On August 19, 2022, the Company's Board of Directors approved a motion to appoint Arik Maimon as Interim CEO (in addition to his current position as Chairman of the Board)

View on SEC.gov

Cuentas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-050827

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