secwatch.observer — SEC 8-K summary
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Issuer:     Mondee Holdings, Inc. (—)
CIK:        0001828852
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001828852-24-000153
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 3.02, 5.02, 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828852/000182885224000153/0001828852-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828852/000182885224000153/mond-20241120.htm
  HTML page:      https://secwatch.observer/filing/0001828852-24-000153

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