Cambium Networks Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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SECURITIES AND EXCHANGE COMMISSION
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) As previously disclosed, on April 19, 2024, Cambium Networks Corporation (the "Company") and Archana Nirwan, the Company’s Chief Human Resources Officer, agreed that she would depart from the Company. On May 30, 2024, the Company and Ms. Nirwan entered into a Separation and General Release Agreement (the “Separation Agreement”) memorializing the terms of her transition and separation from the Company. Pursuant to the Separation Agreement, Ms. Nirwan will remain employed as the Company’s Chief Human Resources Officer through October 25, 2024 (the “Termination Date”) in order to assist with the transition of her duties. Under the Separation Agreement and in exchange for a general release of claims in favor of the Company, if the Company terminates Ms. Nirwan’s employment prior to the Termination Date for any reason other than for cause, Ms. Nirwan will continue to receive her base salary through the Termination Date. In accordance with the terms of her equity award agreements, Ms. Nirwan’s outstanding equity awards will continue to vest through her termination of employment and, pursuant to the Separation Agreement, Ms. Nirwan will be able to exercise her vested options until October 25, 2025.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
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Description |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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CAMBIUM NETWORKS CORPORATION |
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Date: |
June 4, 2024 |
By: |
/s/ Jacob Sayer |
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Name: Title: |
Jacob Sayer |