UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 6, 2023 (
(Exact name of registrant as specified in its charter)
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
|
|
||
| (Address of principal executive offices) | (Zip Code) |
(
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| The Stock Market LLC | ||||
| The |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Chief Financial Officer and Appointment of Interim Chief Financial Officer
On May 31, 2023, Michael Angel provided formal notice of his resignation as Chief Financial Officer of CXApp Inc. (the “Company”). Effective June 5, 2023, Mr. Angel's tenure as Chief Financial Officer concluded, and his employment with the Company will cease to be in an executive capacity. Mr. Angel will continue to remain employed as a non-executive employee of the Company until June 30, 2023.
Mr. Angel’s resignation was for personal reasons and not a result of a disagreement relating to the Company’s operations, policies or practices.
The Board of Directors of the Company approved, effective as of June 5, 2023, the appointment of Khurram P. Sheikh, the current Chief Executive Officer, as Interim Chief Financial Officer of the Company.
The Company has initiated the process of identifying a qualified individual to assume the role of Chief Financial Officer and is actively seeking a suitable candidate to fill the vacancy.
Appointment of Chief Technology Officer
Effective June 6, 2023, Naresh Soni was appointed to serve as Chief Technology Officer of the Company. Prior to joining the Company, Mr. Soni has been involved in ground-breaking artificial intelligence (AI) and augmented reality (AR) innovations across the technology sector with leading technology companies like Nokia, AT&T Bell Labs and IBM, and also held the position of Chief Technology Officer of Interdigital, Inc. Mr. Soni holds a Master of Science in Electrical and Computer Engineering from the University of Texas, Austin and has completed the executive management program on innovation from the MIT Sloan School of Management.
Item 7.01 Regulation FD Disclosure
On June 6, 2023, the Company issued a press release announcing the appointment of its new Chief Technology Officer, a copy of which is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. The following exhibit is furnished with this Form 8-K: |
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release, dated June 6, 2023 |
1
SIGNATURE
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.
| CXApp Inc. | ||
| Date: June 6, 2023 | By: | /s/ Khurram P. Sheikh |
| Name: | Khurram P. Sheikh | |
| Title: | Chairman and Chief Executive Officer | |
2
Exhibit 99.1
AI leader Naresh Soni joins CXApp Inc. (Nasdaq: CXAI) as Chief Technology Officer to accelerate Artificial Intelligence (AI) and Augmented Reality (AR) Innovations
CXAI bringing customer experiences with connected intelligence for the new age of work
Palo Alto, Calif., June 6, 2023 / -- CXApp Inc (Nasdaq : CXAI), the global technology leader in employee workplace experiences has announced that AI leader Naresh Soni has joined the Company as its new Chief Technology Officer spearheading its Artificial Intelligence (AI) and Augmented Reality (AR) efforts to drive differentiated solutions in this emerging sector.
Khurram Sheikh, Chairman and CEO of CXApp said, “The CXAI SaaS platform is anchored on the intersection of customer experience (CX) and connected artificial intelligence (AI) providing digital transformation for the physical workplace for enhanced experiences across people, places and things. Naresh Soni embodies the new age digital leader that will help translate this vision into market reality. Knowing Naresh for more than 15 years, I could not be happier to welcome a world class technologist to lead this massive technology transformation.”
As CTO, Naresh Soni will drive CXApp’s efforts with AI and AR technologies to revolutionize customer experiences across various industries. Naresh’s impressive track record in developing cutting-edge solutions and his deep understanding of the AI and AR landscape make him an ideal fit for CXApp’s growth strategy.
With over 25 years of experience in the technology industry, Naresh Soni has consistently demonstrated his ability to translate transformational ideas into impactful products. He has a proven track record of leading high-performing teams and driving innovation in AI and AR applications. Naresh’s expertise spans the entire product development lifecycle, from conceptualization to implementation and market launch. Naresh’s prior leadership roles include developing groundbreaking technologies at major technology firms like Nokia, ST Micro, AT&T Bell Labs and IBM, as well as being the CTO for Interdigital, Inc. (IDCC), a multi-billion-dollar public company with a large Intellectual Property (IP) portfolio. Naresh holds a Master of Science in Electrical and Computer Engineering (MSEE) from the University of Texas, Austin and has completed the executive management program on innovation from the MIT Sloan School of Management.
Naresh Soni expressed his excitement about joining CXApp and his commitment to driving the company’s technological advancements. “I am honored to be a part of CXApp’s journey towards redefining customer experiences,” said Naresh. “I believe that the fusion of AI and AR has the potential to revolutionize how businesses engage with their customers. I am excited to work with Khurram again and his talented team at CXApp and contribute to creating innovative products that will shape the future of our industry.”
Khurram Sheikh concluded “CXApp is a “category-maker” company that has developed the most engaging application for the hybrid workplace market – in reality, this is the Workplace SuperApp with over 150 native features and 100+ API integrations. We are excited to bring Naresh on to fuel the next wave of innovation with AI and AR that will define the future of work.”
About CXApp Inc.
CXApp Inc.’s the Workplace SuperApp, consolidates the services, features, and functions of your workplace tech stack into a single mobile app. The CXApp solution suite includes an enterprise employee application, indoor mapping, on-device positioning, augmented reality technologies and an AI-based analytics platform providing a full-stack software solution for enterprises. CXApp’s customers include major Fortune 500 Global Companies in the technology, financial, consumer, medical and media entertainment verticals.
www.cxapp.com
CXApp Inc.: marketing@cxapp.com