Cambium Networks CFO Departs; New Directors Appointed
Ticker: CMBM · Form: 8-K · Filed: Apr 2, 2024 · CIK: 1738177
| Field | Detail |
|---|---|
| Company | Cambium Networks Corp (CMBM) |
| Form Type | 8-K |
| Filed Date | Apr 2, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors
Related Tickers: CMBM
TL;DR
Cambium CFO out, interim CFO in, two new board members added.
AI Summary
Cambium Networks Corp. announced on April 2, 2024, the departure of its Chief Financial Officer, Michael Murphy. The company has appointed Todd Landis as the interim CFO. Additionally, the company elected two new directors, Steven A. Glass and Robert J. Cirillo, to its Board of Directors.
Why It Matters
The departure of a CFO and the appointment of new board members can signal shifts in financial strategy or governance for Cambium Networks.
Risk Assessment
Risk Level: medium — Changes in key financial and leadership roles can introduce uncertainty regarding the company's future direction and financial stability.
Key Players & Entities
- Cambium Networks Corp. (company) — Registrant
- Michael Murphy (person) — Departing Chief Financial Officer
- Todd Landis (person) — Interim Chief Financial Officer
- Steven A. Glass (person) — Newly Elected Director
- Robert J. Cirillo (person) — Newly Elected Director
- April 02, 2024 (date) — Date of Report
FAQ
Why did Michael Murphy depart as CFO of Cambium Networks?
The filing does not provide a specific reason for Michael Murphy's departure as CFO.
Who has been appointed as the interim CFO?
Todd Landis has been appointed as the interim CFO.
Who are the new directors elected to the Board?
Steven A. Glass and Robert J. Cirillo have been elected as new directors.
When was this report filed?
This report was filed on April 2, 2024.
What is Cambium Networks Corporation's state of incorporation?
Cambium Networks Corporation is incorporated in the Cayman Islands.
Filing Stats: 1,022 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-04-02 16:05:20
Key Financial Figures
- $0.0001 — on which registered Ordinary shares, $0.0001 par value CMBM Nasdaq Global Market
- $400,000 — tive Date: (1) an annual base salary of $400,000; and (2) an annual target cash incentiv
Filing Documents
- cmbm-20240402.htm (8-K) — 44KB
- cmbm-ex10_49.htm (EX-10.49) — 39KB
- cmbm-ex99_1.htm (EX-99.1) — 10KB
- img102694189_0.jpg (GRAPHIC) — 5KB
- img178355216_0.jpg (GRAPHIC) — 35KB
- 0000950170-24-040138.txt ( ) — 277KB
- cmbm-20240402.xsd (EX-101.SCH) — 25KB
- cmbm-20240402_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.49 Employment agreement, dated as of March 11, 2024, between Cambium Networks, Inc. and Jacob Sayer 99.1 Press release dated April 2, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. CAMBIUM NETWORKS CORPORATION Date: April 2, 2024 By: / s/ Sally J. Rau Name: Title: Sally Rau General Counsel