Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 247

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 247
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 the executive compensation disclosure rules applicable to “smaller reporting companies,” as such term is defined in the rules promulgated under the Securities Act, which for 2024 require compensation disclosure for CXApp’s executive officers.

Overview

The form and amount of the compensation to be paid to each of our directors and executive officers were determined by our board. Each executive officers’ compensation were established by our compensation committee which is comprised solely of independent directors in accordance with Nasdaq listing standards.

The following tables disclose compensation received by our executive officers.

Summary Compensation Table

The following table provides certain information regarding the compensation earned by the named executive officers from their services to CXApp, as applicable, during the fiscal years ended December 31, 2024, and 2023.

    Name and Principal Position
     
    Year

        Salary
        ($)

        Bonus
        ($)

    StockAwards($)

    OptionAwards($)

    All OtherCompensation($)

    Total($)

    Khurram P. Sheikh
     
    2024

    $
    325,000

    $
    255,938

    $
    200,001

    $
    360,000

    $
    -

    $
    1,140,939

    Chief Executive Officer
     
    2023

    $
    254,375

    $
    97,500

    $
    360,000

    $
    1,291,626

    $
    -

    $
    2,003,501

    Joy Mbanugo
     
    2024

    $
    92,948

    $
    8,485

    $
    -

    $
    552,000

    $
    25,000

    $
    678,433

    Chief Financial Officer
     
    2023

    $
    -

    $
    -

    $
    -

    $
    -

    $
    -

    $
    -

Narrative Disclosure to the Summary Compensation Table

Khurram P. Sheikh, our chief executive officer, received (i) a salary of $325,000 and a bonus of $255,938 as compensation during the fiscal year ended December 31, 2024, and (ii) a salary of $254,375 and a bonus of $97,500 as compensation for his services to CXApp during the period March 15, 2023 to December 31,