Mondee receives Nasdaq delisting notice for late 10-Q; CEO takes leave, Portillo appointed CEO

Mondee Holdings, Inc.

Nasdaq notice for late Form 10-Q; board decides not to submit compliance plan or appeal delisting.
Prasad Gundumogula takes leave of absence as CEO effective Nov 25, 2024; remains chairman.
Jesus Portillo (CFO) appointed CEO and Board member effective Nov 25, 2024; retains CFO duties.
Portillo receives 600,000 immediately vesting shares, increased base salary to $500,000, $450,000 retention bonus.
Severance: 24 months salary and COBRA if terminated without cause within 12 months; 12 months after.

item 3.01 item 3.02 item 5.02 item 7.01 item 2.02 item 9.01

Executive movements

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

Appointed

Jesus Portillo

Member of the Board

Mondee Holdings, Inc.

Effective: 2024-11-25
Filed: November 26, 2024, 6:59 PM ET

Mr. Portillo will also be appointed as a member of the Board, effective November 25, 2024.

Role change

Prasad Gundumogula

Chief Executive Officer

Mondee Holdings, Inc.

Effective: 2024-11-25
Successor: Jesus Portillo
Filed: November 26, 2024, 6:59 PM ET

On November 21, 2024, Prasad Gundumogula informed the Board of his request to take a leave of absence as Chief Executive Officer (“ CEO ”) of the Company, effective as of November 25, 2024.

Role change

Jesus Portillo

Chief Executive Officer

Mondee Holdings, Inc.

Effective: 2024-11-25
Filed: November 26, 2024, 6:59 PM ET

on November 25, 2024, the Board has appointed Jesus Portillo to serve as CEO of the Company, effective as of November 25, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jesus Portillo was appointed as Member of the Board at Mondee Holdings, Inc..

Action: appointed as a member of the Board
Role: Member of the Board

Exact text from the filing

Mr. Portillo will also be appointed as a member of the Board, effective November 25, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Prasad Gundumogula changed role as Chief Executive Officer at Mondee Holdings, Inc..

Action: take a leave of absence
Role: Chief Executive Officer

Exact text from the filing

On November 21, 2024, Prasad Gundumogula informed the Board of his request to take a leave of absence as Chief Executive Officer (“ CEO ”) of the Company, effective as of November 25, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jesus Portillo was appointed as Chief Executive Officer at Mondee Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

on November 25, 2024, the Board has appointed Jesus Portillo to serve as CEO of the Company, effective as of November 25, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0001828852-24-000153

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