CareCloud Announces Board Changes and Executive Compensation Updates
Ticker: CCLDO · Form: 8-K · Filed: May 3, 2024 · CIK: 1582982
| Field | Detail |
|---|---|
| Company | Carecloud, Inc. (CCLDO) |
| Form Type | 8-K |
| Filed Date | May 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $300,000, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, corporate-governance
Related Tickers: CCLDF
TL;DR
CareCloud's board is changing, with new directors and updated exec pay. Filing includes financials.
AI Summary
On May 1, 2024, CareCloud, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers. Specific financial statements and exhibits related to these changes were also filed.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect the company's future direction and performance.
Key Players & Entities
- CareCloud, Inc. (company) — Filer of the 8-K report
- May 1, 2024 (date) — Earliest event reported date
- MTBC, Inc. (company) — Former company name
- MEDICAL TRANSCRIPTION BILLING, CORP (company) — Former company name
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers. It also includes financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on May 1, 2024.
What was CareCloud, Inc.'s former name?
CareCloud, Inc. was formerly known as MTBC, Inc. and MEDICAL TRANSCRIPTION BILLING, CORP.
What is CareCloud, Inc.'s Standard Industrial Classification (SIC) code?
CareCloud, Inc.'s Standard Industrial Classification (SIC) code is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What is the state of incorporation for CareCloud, Inc.?
CareCloud, Inc. is incorporated in Delaware (DE).
Filing Stats: 1,136 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-05-03 16:30:42
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CCLD Nasdaq Global Market
- $300,000 — Mr. Snyder's annual base salary will be $300,000 ("Base Salary"). At the sole discretion
- $25,000 — that Mr. Snyder's entity would receive $25,000 per month for providing additional cons
Filing Documents
- form8-k.htm (8-K) — 50KB
- ex10-1.htm (EX-10.1) — 56KB
- 0001493152-24-017719.txt ( ) — 339KB
- ccld-20240501.xsd (EX-101.SCH) — 4KB
- ccld-20240501_def.xml (EX-101.DEF) — 27KB
- ccld-20240501_lab.xml (EX-101.LAB) — 37KB
- ccld-20240501_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 7KB
SIGNATURES
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 3, 2024 By: /s/ A. Hadi Chaudhry A. Hadi Chaudhry Chief Executive Officer