CareCloud, Inc 8-K, filed May 12, 2023
CareCloud, Inc. (CCLD)
About this 8-K
CareCloud, Inc filed this 8-K on May 12, 2023, reporting on events of May 10, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 10, 2023, Joseph DosSantos resigned as Chief Financial Officer of the Registrant. Mr. DosSantos’s resignation is not a result of any disagreement with the Registrant or its Board of Directors or management relating to the Registrant’s operations, policies or practices or any issues regarding its accounting policies or practices.
Effective May 11, 2023, Bill Korn, the Registrant’s former Chief Financial Officer and current Chief Strategy Officer, has been appointed Acting Chief Financial Officer until such time as a new Chief Financial Officer is appointed. Mr. Korn will not be paid any additional compensation for his service as Acting Chief Financial Officer.
Mr. Korn, 66, joined the Registrant as our Chief Financial Officer in July 2013 and served in that role until May 2023. Prior to joining the Registrant, Mr. Korn served as the Chief Financial Officer for six other early-stage technology businesses. From January 2013 until he joined us, Mr. Korn served as the Chief Financial Officer of SnapOne, Inc., a developer of cloud-based applications for mobile devices. Prior to that, from August 2002 to June 2012, Mr. Korn was the Chief Financial Officer of Antenna Software, Inc. Earlier in his career, Mr. Korn spent ten years with IBM, where he served on the senior management team that created IBM’s services strategy in the 1990s. Currently, Mr. Korn serves on the Board of Jerash Holdings (US), Inc. (Nasdaq: JRSH), where he is Chairman of the Audit Committee. Mr. Korn received his Bachelor of Arts in Economics magna cum laude from Harvard College and his Master of Business Administration from Harvard Business School.
There are no family relationships between Mr. Korn and any director or executive officer of the Registrant. Mr. Korn has no direct or indirect material interest in any related party transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CareCloud, Inc. | ||
| Date: May 12, 2023 | By: | /s/ A. Hadi Chaudhry
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| A. Hadi Chaudhry | ||
| Chief Executive Officer | ||
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