---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-002836"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T02:48:55.666322+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-002836
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075736/000165495423002836/0001654954-23-002836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495423002836/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-002836
- JSON: https://secwatch.observer/filing/0001654954-23-002836.json
- Plain text: https://secwatch.observer/filing/0001654954-23-002836.txt

## Key facts
- Executive change
  Jeffrey G. Korn was appointed as Chief Executive Officer at Crexendo, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: The Company also announced the appointment of Jeffrey G. Korn as Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423002836/0001654954-23-002836-index.htm
- Executive change
  Steven G. Mihaylo retired as Executive Chairman at Crexendo, Inc..
  - Action: retired
  - Role: Executive Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423002836/0001654954-23-002836-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.