0001654954-24-009948.txt : 20240805 0001654954-24-009948.hdr.sgml : 20240805 20240805162848 ACCESSION NUMBER: 0001654954-24-009948 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240801 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240805 DATE AS OF CHANGE: 20240805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Crexendo, Inc. CENTRAL INDEX KEY: 0001075736 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology IRS NUMBER: 870591719 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32277 FILM NUMBER: 241175197 BUSINESS ADDRESS: STREET 1: 1615 S. 52ND STREET CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: 8012270004 MAIL ADDRESS: STREET 1: 1615 S. 52ND STREET CITY: TEMPE STATE: AZ ZIP: 85281 FORMER COMPANY: FORMER CONFORMED NAME: IMERGENT INC DATE OF NAME CHANGE: 20020710 FORMER COMPANY: FORMER CONFORMED NAME: NETGATEWAY INC DATE OF NAME CHANGE: 19990527 8-K 1 cxdo_8k.htm FORM 8-K cxdo_8k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

 

FORM 8-K

_______________

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported) August 1, 2024

_______________

 

Crexendo, Inc.

(Exact Name of Registrant as Specified in Its Charter)

_______________

 

Nevada

 

001-32277

 

87-0591719

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1615 S. 52nd Street, Tempe, AZ 85281

(Address of Principal Executive Offices) (Zip Code)

 

(602) 714-8500

(Registrant’s Telephone Number, Including Area Code)

 

Not applicable.

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 1, 2024, Anand Buch resigned as a director of Crexendo, Inc. (the “Company”) and withdrew his nomination to be reappointed to the Board of Directors of the Company (“Board”) at the upcoming annual meeting of stockholders. Mr. Buch has no disagreement with current members of management of the Company or the Board and will remain as the Company’s Chief Strategy Officer. Mr. Buch indicated that his resignation is based on his status as an “insider” and his current belief that the Board should be composed on independent directors and only the Chief Executive Officer of the Company.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibits.

 

99.1

Director resignation letter dated August 1, 2024, of Anand Buch.

 

 

2

 

 

SIGNATURES

 

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.

 

Dated: August 5, 2024

 

Crexendo, Inc.

 

 

/s/ Ronald Vincent

 

By:

Ronald Vincent

 

Chief Financial Officer

 

.

 

3

 

EX-99.1 2 cxdo_ex991.htm EX-99.1 cxdo_ex991.htm

EXHIBIT 99.1

 

Jeffrey G. Korn

CEO and Chairman

Crexendo, Inc.

1615 S. 52nd Street, Tempe, AZ 85281-6233

 

August 1, 2024

 

Dear Jeff,

 

It has been a privilege to serve as a board member of Crexendo, Inc. I was equally humbled to learn of my further nomination for continued service to all shareholders.

 

With that said, as you know, Steve Mihaylo (our largest shareholder and fellow board member) notified me as well as you, of his intent to vote against my nomination at this upcoming annual shareholder meeting, given I am an insider.

 

My longer-term view has always been that the board of Crexendo should be composed of those who qualify as independent directors and only the CEO. My intention was always to become independent when my operating role within the company would be succeeded.

 

However, given Steve’s opinion and the current need for me to remain engaged in an operating role for a longer period than originally expected (post the acquisition of NetSapiens) has led me to give this circumstance more thought and research additional professional perspectives on what would be best for all our shareholders.

 

As you know my actions have always been in the best interest of the Company and all its shareholders and not me personally. Hence, I believe it’s best for me to resign from the Board effective immediately as well as withdraw my nomination for a new term.

 

Thank you for your support and consideration.

 

Sincerely,

Anand Buch

cc. Members of the Board of Directors

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