CXApp appoints Joy Mbanugo as CFO, replacing interim CFO Khurram Sheikh

CXApp Inc.

Mbanugo appointed CFO effective August 19, 2024; succeeds Khurram Sheikh, who remains Chairman & CEO.
Compensation: $250,000 base salary, $100,000 annual bonus, $25,000 sign-on bonus, and 230,000 stock options.
Mbanugo brings 22 years experience; previously CFO of ServiceRocket Inc. and held senior roles at Google Cloud and BlackRock.
Options vest: one-third on first anniversary, remainder monthly over 24 months; change-in-control acceleration provision.
Termination without cause entitles 6 months salary, 12-month equity acceleration, and 6 months COBRA premium payments.

item 5.02 item 7.01 item 9.01

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Appointed

Joy Mbanugo

Chief Financial Officer

CXAI · CXApp Inc.

Effective: 2024-08-19
Successor: Khurram P. Sheikh
Filed: August 20, 2024, 7:59 PM ET

appointed Joy Mbanugo to serve as Chief Financial Officer of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joy Mbanugo was appointed as Chief Financial Officer at CXApp Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

appointed Joy Mbanugo to serve as Chief Financial Officer of the Company, effective immediately.

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CXApp Inc. filing history →

Source: SEC EDGAR

accession 0001829126-24-005669

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