Crexendo appoints Jeffrey G. Korn as CEO; founder Steven Mihaylo becomes Executive Chairman

Crexendo, Inc.

Steven G. Mihaylo retires as CEO effective March 14, 2023; retains role as Executive Chairman.
Jeffrey G. Korn appointed CEO immediately; he is Crexendo's longest-standing employee (over 20 years).
Korn previously served as General Counsel, EVP, and Chief Legal Officer; no employment agreement yet.
No disagreement; Mihaylo receives no consideration for retirement and intends to retain his shares.
Transition is part of a long-term succession plan; Mihaylo will continue as Executive Chairman.

item 5.02 item 9.01

Executive movements

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Appointed

Jeffrey G. Korn

Chief Executive Officer

CXDO · Crexendo, Inc.

Effective: 2023-03-14
Filed: March 14, 2023, 7:59 PM ET

The Company also announced the appointment of Jeffrey G. Korn as Chief Executive Officer of the Company.

Role change

Steven G. Mihaylo

Executive Chairman

CXDO · Crexendo, Inc.

Effective: 2023-03-14
Successor: Jeffrey G. Korn
Filed: March 14, 2023, 7:59 PM ET

On March 14, 2023, Crexendo, Inc. (the “ Company ”) announced the retirement of Steven G. Mihaylo as Chief Executive Officer. Mr. Mihaylo will retain his position as Executive Chairman of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey G. Korn was appointed as Chief Executive Officer at Crexendo, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Company also announced the appointment of Jeffrey G. Korn as Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven G. Mihaylo retired as Executive Chairman at Crexendo, Inc..

Action: retired
Role: Executive Chairman

Exact text from the filing

On March 14, 2023, Crexendo, Inc. (the “ Company ”) announced the retirement of Steven G. Mihaylo as Chief Executive Officer. Mr. Mihaylo will retain his position as Executive Chairman of the Board of Directors.

View on SEC.gov

Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-002836

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