Short answer
INNODATA INC (INOD) filed an 8-K current report with the SEC on March 10, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Rahul Singhal (President & CRO) formalized with $500K base salary, effective Jan 1, 2026; target bonus ≥75% of base (~$375K).
INNODATA INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Rahul Singhal (President & CRO) formalized with $500K base salary, effective Jan 1, 2026; target bonus ≥75% of base (~$375K)
- Termination without cause triggers 200% severance of (base + bonus) paid over 24 months: significant cash obligation for INOD
- Change of Control triggers 300% lump-sum payment within 30 days plus 36-month benefits continuation and full equity acceleration
- CEO Jack Abuhoff's existing agreement amended to clarify in-progress equity awards vest at 100% payout target upon acceleration events
- Strong double-trigger severance protections for both top executives raise M&A transaction costs for any potential acquirer
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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