secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001493152-23-015738
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud CFO Bill Korn transitions to CSO; Joseph DosSantos appointed CFO effective May 8
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- Bill Korn, CFO for 10 years, moves to Chief Strategy Officer; effective May 8, 2023; annual salary remains $250,000.
- Joseph DosSantos appointed CFO; annual base salary $250,000; eligible for bonuses and RSU sign-on ($25k) and retention ($50k) bonuses.
- DosSantos previously CFO of Luzsana Biotechnology; extensive public company financial management experience.
- Korn's severance includes up to 24 months salary and bonus; DosSantos same severance terms.
- Leadership transition aimed at strengthening investor relations and supporting organic growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315223015738/0001493152-23-015738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315223015738/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015738

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