secwatch.observer — SEC 8-K summary
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Issuer:     AgileThought, Inc. (—)
CIK:        0001790625
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001790625-23-000107
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1790625/000179062523000107/0001790625-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1790625/000179062523000107/agil-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001790625-23-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer