secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2024-07-08T23:59:59+00:00
Accession:  0001855457-24-000064
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORE appoints Bruce Gordon as EVP & COO; $300k salary, 100k RSUs, $200k cash award
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- Bruce Gordon named EVP & COO effective July 2, 2024; reports to Interim CEO Ron Totton.
- Base salary $300k, target annual bonus 75% of base, 100k RSUs vesting over 4 years.
- Also receives $200k long-term cash award: half time-vest, half performance-based.
- Severance includes 12 months base salary, prorated bonus, and accelerated equity on qualifying termination.
- 5-year initial term with auto-renew; 24-month non-compete and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000064/0001855457-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000064/kore-20240702.htm
  HTML page:      https://secwatch.observer/filing/0001855457-24-000064

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