secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001213900-22-050827
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390022050827/0001213900-22-050827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390022050827/ea164905-8k_cuentas.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-050827

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