secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001628280-23-022059
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORE names Jason Dietrich as EVP & Chief Revenue Officer; salary $400k, target bonus 75%
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- Jason Dietrich appointed to newly created role of EVP & Chief Revenue Officer effective June 12, 2023.
- Base salary $400,000 per annum; target annual bonus 75% of salary, with guaranteed $300k bonus for FY 2023.
- Severance: 12 months salary continuation, prorated bonus, accelerated equity vesting upon qualifying termination.
- Non-compete and non-solicitation restrictions apply for 24 months post-termination.
- Employment agreement has indefinite term with automatic 1-year extensions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000162828023022059/0001628280-23-022059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000162828023022059/kore-20230612.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-022059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer