KORE Group Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$KORE
Telecommunications Equipment
Telecommunications
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 23, 2025
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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.
Departure of Jason Dietrich as Executive Vice President and Chief Revenue Officer
On January 23, 2025, as part of an organizational redesign, the Company determined that Jason Dietrich would depart the Company as Executive Vice President and Chief Revenue Officer, effective January 31, 2025. In connection with the separation of Mr. Dietrich’s employment with the Company, the Company expects to enter into a General Release with Mr. Dietrich that will provide Mr. Dietrich with benefits consistent with the terms of Mr. Dietrich’s Employment Agreement with the Company, dated June 12, 2023.
Appointment of Jared Deith as Executive Vice President and Chief Revenue Officer
As part of the organizational redesign, effective January 31, 2025, Jared Deith, currently the Company’s Executive Vice President, Connected Health, will assume Mr. Dietrich’s duties and be appointed the Company’s Executive Vice President and Chief Revenue Officer.
Mr. Deith, age 34, has been serving as Executive Vice President, Connected Health, since August 2024. Previously, he served as contracted advisor to the Company and its subsidiaries from April 2024 to August 2024, as Senior Vice President, Indirect Channels and E-Commerce for the Company from January 2023 to April 2024, and as Senior Vice President, Integration from February 2022 to January 2023. Mr. Deith joined the Company in February 2022 after the Company’s acquisition of Business Mobility Partners, Inc. and Simon IoT LLC, where he served as President and Founder from July 2016 to February 2022 and as CEO and Co-Founder from September 2018 through February 2022, respectively.
There are no arrangements or understandings between Mr. Deith and any other person pursuant to which he was selected to serve as an officer of the Company. There are also no family relationships between Mr. Deith and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. The Employment Agreement entered into between the Company and Mr. Deith on August 15, 2024 will continue to govern the employment of Mr. Deith.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 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: January 28, 2025 | By: | /s/ Jack W. Kennedy Jr. | ||||||
| Name: | Jack W. Kennedy Jr. | |||||||
| Title: | Executive Vice President, Chief Legal Officer, and Secretary | |||||||