Company: SONM
Filing Date: 2025-12-05
Form Type: 8-K
Source: 0001493152-25-026254
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Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: 8-K
Item: Item 5.02
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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.

Chief
Financial Officer Retention Bonus

On
December 1, 2025, the Compensation Committee (the “ Committee”) of Sonim Technologies, Inc. (the “ Company”), authorized
and approved a contingent cash bonus (the “ Retention Bonus”) payable to Clay Crolius, the Company’s Chief Financial
Officer (the “ Chief Financial Officer”). The Retention Bonus is contingent and payable upon the upon consummation of that
certain asset purchase agreement by and among the Company, as seller, Pace Car Acquisition LLC, as buyer, the Seller Representative named
in the asset purchase agreement, and Social Mobile Technology Holdings LLC (the “ Asset Purchase Agreement”); provided, however,
that in the event the Asset Purchase Agreement is terminated, the Retention Bonus shall be deemed to be null and void ab initio

The
Retention Bonus shall be determined using the following methodology: