secwatch.observer — SEC 8-K summary
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Issuer:     Near Intelligence, Inc. (—)
CIK:        0001826671
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001213900-23-087576
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Near Intelligence terminates CEO and President for cause; appoints new CEO, interim CFO, and GC
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- CEO Anil Mathews and President Shobhit Shukla terminated for cause effective Nov 14, 2023, following internal investigation into financial mismanagement and alleged fraud.
- New CEO Gladys Kong receives $75k retention bonus; base salary raised to $350k retroactive to Oct 1.
- Interim CFO John Faieta gets $50k retention bonus; employment agreement provides $300k base salary and quarterly bonus tied to EBITDA/revenue.
- CFO Rahul Agarwal remains on administrative leave while investigation into financial mismanagement is ongoing.
- Paul Gross appointed General Counsel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/0001213900-23-087576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/ea188478-8k_nearintell.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-087576

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