Cuentas appoints Maimon as Executive Chairman/CEO, De Prado as EVP/President with 5-yr contracts

Cuentas Inc.

Arik Maimon enters five-year employment agreement as Executive Chairman and CEO with $295,000 annual base salary.
Michael De Prado enters five-year agreement as Executive Vice Chairman and President with $285,000 annual base salary.
Maimon eligible for up to 100% base salary performance bonus; subject to shareholder approval, 131,866 shares to reach 10% ownership.
De Prado eligible for up to 100% base salary bonus; subject to shareholder approval, 117,214 shares to reach 7% ownership.
Both executives receive $2,000 monthly auto allowance and are subject to one-year non-compete and non-solicitation covenants.

item 5.02 item 9.01

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Appointed

Arik Maimon

Executive Chairman and Chief Executive Officer

CUEN · Cuentas Inc.

Effective: 2023-08-21
Filed: August 22, 2023, 7:59 PM ET

On August 21, 2023, the Company entered into an employment agreement with Arik Maimon pursuant to which Mr. Maimon agreed to serve as Executive Chairman and Chief Executive Officer of the Company

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Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: appointed
Role: Executive Chairman and Chief Executive Officer

Exact text from the filing

On August 21, 2023, the Company entered into an employment agreement with Arik Maimon pursuant to which Mr. Maimon agreed to serve as Executive Chairman and Chief Executive Officer of the Company

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Cuentas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-069972

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