secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001493152-24-017719
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224017719/0001493152-24-017719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224017719/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017719

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