CareCloud appoints Stephen Snyder as President effective May 1, 2024; Chaudhry remains CEO

CareCloud, Inc.

Stephen Snyder's annual base salary set at $300,000; target bonus up to 100% of base salary.
Initial employment term from May 1, 2024 to April 30, 2026, with automatic one-year renewals.
Upon change of control termination, Snyder may receive severance of up to 24 months of salary and bonus.
Snyder's prior consulting agreement terminated; he had received 38,000 shares of Series B Preferred Stock under it.

item 5.02 item 9.01

Executive movements

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Appointed

Stephen Snyder

President

CCLD · CareCloud, Inc.

Effective: 2024-05-01
Filed: May 3, 2024, 7:59 PM ET

Effective May 1, 2024, Stephen Snyder has been appointed President of CareCloud, Inc.

Role change

A. Hadi Chaudhry

Chief Executive Officer

CCLD · CareCloud, Inc.

Effective: 2024-05-01
Successor: Stephen Snyder
Filed: May 3, 2024, 7:59 PM ET

As of such date, A. Hadi Chaudhry is no longer President of the Registrant, but remains the Registrant’s Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Snyder was appointed as President at CareCloud, Inc..

Action: appointed
Role: President

Exact text from the filing

Effective May 1, 2024, Stephen Snyder has been appointed President of CareCloud, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

A. Hadi Chaudhry changed role as Chief Executive Officer at CareCloud, Inc..

Action: no longer President
Role: Chief Executive Officer

Exact text from the filing

As of such date, A. Hadi Chaudhry is no longer President of the Registrant, but remains the Registrant’s Chief Executive Officer.

View on SEC.gov

CareCloud, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-017719

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