secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001213900-23-069972
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390023069972/0001213900-23-069972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390023069972/ea184072-8k_cuentasinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-069972

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