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
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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 November 29, 2021, KORE Group Holdings, Inc. (the “Company”) issued a press release announcing Puneet Pamnani has stepped down from his role as the Company’s Chief Financial Officer and is expected to depart from the Company on February 28, 2022. Effective November 22, 2021, Paul Holtz, the Company’s SVP of Corporate Performance, Planning and Analytics, has been named as interim Chief Financial Officer, while the Company identifies a permanent successor. In the interim, Mr. Pamnani will serve in an advisory capacity to support transition. Mr. Pamnani’s decision to leave the Company is not a result of any disagreement on any matter relating to the Company’s financial statement disclosure, accounting policies, procedures, estimates, or judgments or internal controls.
Mr. Holtz, age 45, joined KORE in 2017 and has public company experience in the technology and SaaS space. Mr. Holtz’s role at KORE was recently expanded to support the Company’s focus on service delivery and to help optimize financial performance. Prior to joining the Company, Mr. Holtz served in various roles at Blackberry, most recently as Head of Finance for the office of the COO. A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
There are no arrangements or understandings between Mr. Holtz and any other person pursuant to which he was selected as interim Chief Financial Officer. Mr. Holtz does not have any family relationships with any of the Company’s directors, executive officers, or other person nominated or chosen by the Company to become a director or executive officer. There are no transactions between Mr. Holtz and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibits are filed with this current report:
| Exhibit |
Description | |
| 99.1 | Press Release, dated November 29, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| KORE Group Holdings, Inc. | ||||
| Date: November 29, 2021 | By: | /s/ Romil Bahl | ||
| Name: | Romil Bahl | |||
| Title: | President and Chief Executive Officer | |||