Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002457
Chunk: 30

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 30
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 was the Chief Financial
Officer at ServiceRocket. Ms. Mbanugo led the Finance, Accounting, Workforce Planning, and People teams while overseeing strategic finance,
forecasting, budgeting, treasury management, tax, compensation planning, and more. With over 20 years of experience in audit, tax, business
operations, financial services, and financial planning/analysis across diverse industries and markets, Ms. Mbanugo is a seasoned professional.
Before her role at ServiceRocket, Ms. Mbanugo spent five years at Google, where she played a crucial role in evaluating Google Cloud Partnerships
and Solutions, organizing Alphabet’s financial data in Controllership, and optimizing the management of over $100 billion in cash
in Treasury and Tax. Her extensive experience also includes a three-year stint at BlackRock, where she led the taxation of financial instruments,
securities lending, information reporting, and withholding, among other responsibilities. During her 12-year tenure at EY, she further
honed her expertise, offering tax and audit services to clients in international tax, financial services, and capital markets. Ms. Mbanugo
holds a Juris Doctor from Cleveland State and a Master of Accountancy from Case Western Reserve University. She also has a double bachelor’s
degree in accounting and Black World Studies from Miami University of Ohio.

Compensation Philosophy

The Company’s executive compensation program is designed to enable the Company to provide competitive compensation packages that attract, retain and motivate talented executives and managers while aligning management’s and stockholders’ interests in the enhancement of Company performance and stockholder value.

The Company’s executive compensation program uses multiple elements to deliver a total package consisting of base salary, annual cash incentive awards and long-term incentive compensation in the form of equity awards, which are heavily weighted toward variable compensation tied to Company performance and stock price performance. The Compensation Committee reviews each element separately but also considers the relative mix of compensation and benefit offerings when making compensation decisions. In addition, the Compensation Committee retains discretion to make adjustments it deems advisable to balance the Company’s overall performance and the individual performance of the Company’s executive officers with our “pay for performance” philosophy.

Executive Compensation Process

The Role of the Compensation Committee

The Compensation Committee is responsible for making compensation recommendations to the Board regarding our CEO and CFO, our CEO’s and CFO’s direct reports and our non-employee directors. These recommendations include base salaries, target annual cash incentive award opportunities and overall levels of equity awards to be granted, if any, each year; and determining the