Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 236

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 236
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2024.

Changes in Internal Control Over Financial Reporting

As the material weaknesses described above were identified subsequent
to December 31, 2024, there were no changes in our internal control over financial reporting.

58

Limitations on Effectiveness of Controls

Our disclosure controls and internal control over financial reporting are designed to provide reasonable assurance of achieving their objectives. Because of inherent limitations, internal controls may not prevent or detect all errors or fraud. Moreover, the design of any control system must consider the risk that controls may become inadequate due to changing conditions or that compliance with policies and procedures may deteriorate over time.

Item 9.B. Other Information.

Insider Trading Arrangements and Policies

During the year ended December 31, 2024, no director or officer of CXApp notified CXApp of the adoption, modification or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 9.C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection.

Not applicable.

59

PART III.

Item 10. Directors, Executive Officers and Corporate Governance.

Our officers and directors are as follows:

    Name
     
    Age
     
    Title 
  
    Khurram Sheikh
     
    54
     
    Chairman, Chief Executive Officer and Director 
  
    Joy Mbanugo
     
    44
     
    Chief Financial Officer 
  
    Di-Ann Eisnor
     
    53
     
    Director 
  
    Camillo Martino
     
    63
     
    Director 
  
    George Mathai
     
    58
     
    Director 
  
    Shanti Priya
     
    55
     
    Director 

Mr. Khurram Sheikh has served as the Founder, Chairman and Chief Executive Officer of KINS since its inception and Chief Financial Officer from August 2020 until August 2024. Mr. Sheikh has been at the forefront of innovation in the technology, mobile, semiconductor, telecom and media industries for the past 25 years with CEO and CTO roles at leading technology companies. Since March 2020, Mr. Sheikh has been the Founder, Executive Chairman & CEO of Aijaad, a boutique strategic advisory firm where he advises both large private equity firms as well as boards of public companies on the future of 5G, IoT