other material
confidence high
sentiment neutral
materiality 0.60
CXApp dismisses auditor Withum, appoints KNAV; CFO Mbanugo out, Podruzny interim CFO
CXApp Inc.
- Audit Committee dismissed WithumSmith+Brown and appointed KNAV CPA LLP as independent auditor for FY 2026, effective June 30, 2026.
- No disagreements with Withum; prior material weaknesses in ICFR (income tax, expense accruals, embedded derivatives) were fully remediated as of Dec 31, 2025.
- CFO Joy L. Mbanugo separated effective June 29, 2026, not due to any disagreement; terms per her July 2024 employment agreement.
- Melissa G. Podruzny appointed Interim CFO for three months starting July 1, 2026; base salary CAD $141,180 plus CAD $30,000 premium and CAD $20,000 completion bonus.
- Podruzny receives 50,000 stock options vesting over 24 months with a one-year cliff, subject to Board approval and continued employment.