UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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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. |
Stephen Snyder, a director of the Registrant, has informed the Registrant of his decision not to stand for re-election as a director of the Registrant at the Registrant’s Annual Meeting of Shareholders, currently scheduled to be held on May 22, 2023. Mr. Snyder has indicated his intention to continue to serve as a director until the date of the Annual Meeting. Mr. Snyder’s decision not to stand for re-election is not the result of any disagreement with the Registrant or its management with respect to any matter relating to the Registrant’s operations, policies or practices. The Registrant’s Board of Directors (“Board”) has determined that effective upon the end of Mr. Snyder’s term as a director, the size of the Registrant’s Board shall be reduced from seven directors to six directors.
Following the Board’s acceptance of Mr. Snyder’s decision not to stand for re-election, the Executive Chairman expressed his gratitude and appreciation to Mr. Snyder for his 17 years of service to the Registrant.
| Item 8.01 | Other Events. |
The Registrant is seeking a new Chief Financial Officer. Bill Korn, our current Chief Financial Officer, is leading the Registrant’s search for a new Chief Financial Officer. Mr. Korn will continue to serve as Chief Financial Officer until such time as a new Chief Financial Officer has been appointed by the Registrant. Upon the appointment of a new Chief Financial Officer, Mr. Korn will assume the role of Chief Strategy Officer with the Registrant and will continue to focus on the Registrant’s investor relations activities.
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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: | March 9, 2023 | By: | /s/ A. Hadi Chaudhry |
| A. Hadi Chaudhry | |||
| Chief Executive Officer | |||
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