{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-001554","form_type":"8-K","ticker":"CXDO","cik":"0001075736","company_name":"Crexendo, Inc.","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.301708+00:00","generated_at":"2026-06-06T04:07:49.918094+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Crexendo enters new employment agreements with six C-level officers; includes severance and change-of-control benefits","bullets":["At-will agreements signed Feb 5-6, 2024 with CEO Jeff Korn, President/COO Doug Gaylor, CFO Ron Vincent, CRO Jon Brinton, CSO Anand Buch, CTO David Wang.","Severance: one month base salary per year of service up to 12 months on termination without cause, plus COBRA reimbursement for one year.","Change-of-control benefits: severance of 12 months salary plus max target bonus if acquirer fails to offer comparable role; RSU award of $1M-$2M based on transaction price per share.","All unvested equity awards automatically vest upon a change of control.","Non-compete and non-solicit restrictions apply for 120 days after termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-001554","json":"https://secwatch.observer/filing/0001654954-24-001554.json","markdown":"https://secwatch.observer/filing/0001654954-24-001554.md","text":"https://secwatch.observer/filing/0001654954-24-001554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424001554/0001654954-24-001554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075736/000165495424001554/cxdo_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:07:49.918094+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}