---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-069972"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:32:44.501578+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-069972
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390023069972/0001213900-23-069972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390023069972/ea184072-8k_cuentasinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-069972
- JSON: https://secwatch.observer/filing/0001213900-23-069972.json
- Plain text: https://secwatch.observer/filing/0001213900-23-069972.txt

## Key facts
- Executive change
  Arik Maimon was appointed as Executive Chairman and Chief Executive Officer at Cuentas Inc..
  - Action: appointed
  - Role: Executive Chairman and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023069972/0001213900-23-069972-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.