KORE Group Holdings Files 8-K on Financials and Personnel
Ticker: KORGW · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1855457
| Field | Detail |
|---|---|
| Company | Kore Group Holdings, INC. (KORGW) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, corporate-governance, personnel-changes
TL;DR
KORE Group Holdings dropped an 8-K detailing financials and leadership changes. Check it out!
AI Summary
KORE Group Holdings, Inc. filed an 8-K on April 11, 2024, reporting on results of operations and financial condition as of April 5, 2024. The filing also covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements. Additionally, it includes financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on KORE Group Holdings' financial performance and significant changes in its board and executive team, impacting investor understanding of the company's direction.
Risk Assessment
Risk Level: medium — The filing contains information about financial results and changes in directors and officers, which can introduce uncertainty and affect stock price.
Key Players & Entities
- KORE Group Holdings, Inc. (company) — Registrant
- April 5, 2024 (date) — Date of earliest event reported
- April 11, 2024 (date) — Date of report
- 3 Ravinia Drive NE, Suite 500 Atlanta, GA 30346 (address) — Business and Mail Address
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates it covers 'Results of Operations and Financial Condition' as of April 5, 2024, but the specific financial figures are detailed within the attached exhibits.
Who are the departing or newly elected directors or officers mentioned?
The filing states it covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' with details to be found in the relevant sections of the report.
What is the significance of the 'Compensatory Arrangements of Certain Officers' section?
This section likely details changes or new agreements related to the compensation of KORE Group Holdings' key executives.
Are there any new financial statements included with this filing?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as an item being reported.
What was KORE Group Holdings' former company name?
The company's former name was King Pubco, Inc., with a date of name change on April 6, 2021.
Filing Stats: 589 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-04-11 06:34:05
Key Financial Figures
- $0.0001 — ge on which registered Common stock, $0.0001 par value per share KORE New York Stock
Filing Documents
- kore-20240405.htm (8-K) — 28KB
- kore_q4x24earningsrelease-.htm (EX-99.1) — 95KB
- image_0a.jpg (GRAPHIC) — 60KB
- 0001855457-24-000009.txt ( ) — 388KB
- kore-20240405.xsd (EX-101.SCH) — 2KB
- kore-20240405_def.xml (EX-101.DEF) — 16KB
- kore-20240405_lab.xml (EX-101.LAB) — 28KB
- kore-20240405_pre.xml (EX-101.PRE) — 17KB
- kore-20240405_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On April 11, 2024, KORE Group Holdings, Inc. (the "Company") issued a press release announcing its financial results for the fiscal year and fourth quarter ended December 31, 2023. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 5, 2024, Tushar Sachdev, Executive Vice President and Chief Technology Officer of the Company, notified the Company of his resignation, effective April 30, 2024, to pursue another opportunity. Mr. Sachdev's duties and responsibilities will be assigned to existing Company personnel.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated April 11 , 2024 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: April 11, 2024 By: /s/ Jack W. Kennedy Jr. Name: Jack W. Kennedy Jr. Title: Executive Vice President, Chief Legal Officer & Secretary