---
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"
generated_at: "2026-06-06T04:07:49.918094+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Crexendo enters new employment agreements with six C-level officers; includes severance and change-of-control benefits

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-001554
- JSON: https://secwatch.observer/filing/0001654954-24-001554.json
- Plain text: https://secwatch.observer/filing/0001654954-24-001554.txt

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