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Posted 07 September, 2022

COMSovereign Holding Corp. appointed David Knight as new CEO

Nasdaq:COMS appointed new Chief Executive Officer David Knight in a 8-K filed on 07 September, 2022.


  The Board has appointed David Knight as the Company's Interim Chief Executive Officer effective September 1, 2022.  

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Overview of COMSovereign Holding Corp.
Industrial Goods • Aerospace Products/Parts
COMSovereign Holding Corp. engages in the provision of solutions to network operators, mobile device carriers, governmental units and other enterprises worldwide. It offers LTE Advanced and 5G-New Radio telecom solutions to network operators and enterprises. The company was founded by Daniel L. Hodges and John E. Howelon April 17, 2014 and is headquartered in Tucson, AZ.
Market Cap
$512K
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COMSovereign Holding Corp. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


Departure of Daniel L. Hodges and John E. Howell


On August 31, 2022, the Board of Directors of COMSovereign Holding Corp. (the "Company") accepted the resignation of co-founder, Chairman and Chief Executive Officer ("CEO") Daniel L. Hodges, effective September 1, 2022. The Board also concurrently accepted the resignation of co-founder, President and Board member John Howell, effective on September 1, 2022.


Mr. Hodges's decision to resign as Chief Executive Officer and from the Board was not related to any disagreements with the Company on any matter relating to its operations, policies or practices or any issues regarding financial disclosures, accounting or legal matters.


Mr. Howell's decision to resign as President and from the Board was not related to any disagreements with the Company on any matter relating to its operations, policies or practices or any issues regarding financial disclosures, accounting or legal matters.


Appointment of Interim Chief Executive Officer


The Board has appointed David Knight as the Company's Interim Chief Executive Officer effective September 1, 2022. The Board is engaged in a search and review of permanent CEO candidates.


Mr. Knight has led turnarounds and transformations of multiple technology and services companies. He previously served as CEO of Dispersive Holdings, a cybersecurity company based in Atlanta, GA from April 2021 through March 2022, and was a member of their board of directors from January 2020 through March 2021. From November 2020 through April 2021, Mr. Knight operated his consultancy company, GlenWest Advisors. Previously, he was CEO of Federos (acquired by Oracle) from April 2016 through November 2020, and was a member of their board of directors from November 2017 through April 2020. Prior to that, Mr. Knight held senior management positions at Motorola, SEI and at Micromuse where he was responsible for the acquisition and integration of over $200 million in subsidiaries and partnerships prior to the firm's purchase by IBM. He holds a master's degree in management from Northwestern's Kellogg School and a Bachelor of Science in Accounting from Valparaiso University.


Pursuant to the terms of an Employment Memorandum, dated as of September 1, 2021 (the "Employment Memo"), between the Company and Mr. Knight, Mr. Knight will receive (i) an annual base salary of $180,000; (ii) a signing bonus in the amount of $60,000; (iii) eligibility to receive grants under the terms of the Company's 2020 Long-Term Incentive Plan; and (iv) the right to participate in all benefit plans offered to the Company's senior executive officers. The Employment Memo is for an initial term of up to 60 days.