---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-078039"
form_type: "8-K"
ticker: null
cik: "0000854800"
company_name: "Tingo Group, Inc."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:44:52.951505+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tingo Group CEO Darren Mercer retires; interim co-CEOs appointed; cash over $400M

## Summary
- Darren Mercer resigned as CEO and board member effective Sept 15, 2023 to retire and spend time with family.
- Dozy Mmobuosi and Kenneth Denos appointed interim co-CEOs; Mmobuosi also joined the board.
- Robert Benton resigned from board; Jamal Khurshid appointed as independent director.
- Cash balances grew to over $400M as of Sept 2023, up from $53.2M at June 30, 2023.
- Company expects to pay first quarterly dividend and increase amount for Q3.

## SEC filing metadata
- accession: 0001213900-23-078039
- form_type: 8-K
- cik: 0000854800
- company_name: Tingo Group, Inc.
- filed_at: 2023-09-20T23:59:59+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/854800/000121390023078039/0001213900-23-078039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/ea185452-8k_tingo.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-078039
- JSON: https://secwatch.observer/filing/0001213900-23-078039.json
- Plain text: https://secwatch.observer/filing/0001213900-23-078039.txt

## Key facts
- Executive change
  Dozy Mmobuosi was appointed as Director at Tingo Group, Inc..
  - Action: appointed
  - Role: Director
  source text: Mr. Mmobuosi was also appointed to the Board on September 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/0001213900-23-078039-index.htm
- Executive change
  Jamal Khurshid was appointed as Independent Director at Tingo Group, Inc..
  - Action: appointed
  - Role: Independent Director
  source text: on September 15, 2023, Jamal (Jamie) Khurshid was appointed as an independent member of the Registrant’s Board of Directors to fill the vacancy on the Board as a result of Mr. Benton’s resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/0001213900-23-078039-index.htm
- Executive change
  Dozy Mmobuosi was appointed as Interim Co-Chief Executive Officer at Tingo Group, Inc..
  - Action: appointed
  - Role: Interim Co-Chief Executive Officer
  source text: the Board appointed Dozy Mmobuosi and Kenneth Denos, each as Interim Co-Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/0001213900-23-078039-index.htm
- Executive change
  Kenneth Denos was appointed as Interim Co-Chief Executive Officer at Tingo Group, Inc..
  - Action: appointed
  - Role: Interim Co-Chief Executive Officer
  source text: the Board appointed Dozy Mmobuosi and Kenneth Denos, each as Interim Co-Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/0001213900-23-078039-index.htm
- Executive change
  Darren Mercer resigned as Chief Executive Officer at Tingo Group, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On September 15, 2023, Darren Mercer, upon his decision to retire, having reached a milestone birthday and to enable him to spend time with his young family, resigned as Chief Executive Officer of Tingo Group, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/0001213900-23-078039-index.htm
- Executive change
  Robert Benton resigned as Director at Tingo Group, Inc..
  - Action: resigned
  - Role: Director
  source text: On September 15, 2023, Robert Benton resigned from the Registrant’s Board of Directors due to other pressing demands on his time relating to his main businesses, which have resulted in him having insufficient time to devote to the Registrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/854800/000121390023078039/0001213900-23-078039-index.htm

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