secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001829126-24-005669
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000182912624005669/0001829126-24-005669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000182912624005669/cxappinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-005669

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