CFO resigns, new CFO appointed; $1.58M loan default triggers cross-defaults

AgileThought, Inc.

Amit Singh resigned as CFO effective July 28, 2023, to pursue other career interests.
Carolyne Cesar promoted to CFO, effective immediately; 20+ years at AgileThought, most recently VP of Corporate Finance and Controller.
Cesar's compensation: $240k annual base salary, $96k target bonus.
Subsidiary defaulted on $1.58M Exitus Loan Facility due July 27, 2023; event of default under cross-default provisions of Secured Credit Facilities.
Non-payment due to contractual restrictions in Secured Credit Facilities and subordination agreement.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Carolyne Cesar

Chief Financial Officer

AgileThought, Inc.

Effective: 2023-08-02
Filed: August 2, 2023, 7:59 PM ET

the Company also has announced that, effective immediately, the Company has promoted Carolyne Cesar, a seasoned executive with over 20 years of experience at the Company, as its new Chief Financial Officer.

Departed

Amit Singh

Chief Financial Officer

AgileThought, Inc.

Effective: 2023-07-28
Successor: Carolyne Cesar
Filed: August 2, 2023, 7:59 PM ET

the Company has announced that on July 28, 2023, Amit Singh resigned as the Company’s Chief Financial Officer, which resignation was effective July 28, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Carolyne Cesar was appointed as Chief Financial Officer at AgileThought, Inc..

Action: promoted
Role: Chief Financial Officer

Exact text from the filing

the Company also has announced that, effective immediately, the Company has promoted Carolyne Cesar, a seasoned executive with over 20 years of experience at the Company, as its new Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Amit Singh resigned as Chief Financial Officer at AgileThought, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

the Company has announced that on July 28, 2023, Amit Singh resigned as the Company’s Chief Financial Officer, which resignation was effective July 28, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001790625-23-000107

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