INSEEGO CORP. appointed Ashish Sharma as new CEO

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


Appointment of Chief Executive Officer


The Board of Directors of Inseego Corp. (the "Company") has appointed Ashish Sharma as President & Chief Executive Officer of the Company, effective at the close of business on March 1, 2022.

Mr. Sharma, age 49, has served as the Company's President since June 2021 and as its President of IoT & Mobile Solutions since February 2020. Prior to that, he had served as the Company's Executive Vice President IoT & Mobile Solutions since joining the Company in September 2017. Prior to joining Inseego, Mr. Sharma was Chief Marketing Officer at Spectralink Corporation, a provider of enterprise grade mobile solutions, from December 2015 to September 2017. Prior to that, Mr. Sharma served as Senior Vice President and General Manager, Americas for Graymatics, Inc. a cognitive media processing company, from January 2015 to December 2015 and as Chief Marketing Officer at FreeWave Technologies, an industrial wireless networking company, from November 2010 to January 2015. Mr. Sharma holds a Bachelor of Science in Electrical Engineering from the University of District of Columbia, a Master of Science in Electrical Engineering from George Mason University and a Master of Business Administration from the UCLA Anderson School of Management in Finance, Marketing and Strategy. 

The Company's Board of Directors also designated Mr. Sharma as the Company's "principal executive officer" for purposes of disclosures under the federal securities laws.

In connection with his appointment as President & Chief Executive Officer, Mr. Sharma's base salary will increase to $500,000 per year and his annual target bonus will be set to 65% of his base salary. Mr. Sharma will also continue to be eligible to participate in other benefit programs that the Company establishes and makes available to its employees from time to time, to the same extent available to similarly situated employees of the Company.

There are no arrangements or understandings between Mr. Sharma and any other persons pursuant to which he was selected as an officer of the Company. There are also no family relationships between Mr. Sharma and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Dan Mondor Transition Agreement


The Company also announced that Dan Mondor is transitioning from the role of Chief Executive Officer of the Company to Executive Chairman until the Company's next annual meeting of stockholders, pursuant to the terms of a transition agreement between Mr. Mondor and the Company (the "Transition Agreement"). Mr. Mondor will continue to serve as a member of the Company's Board of Directors. Mr. Mondor's base salary as Executive Chairman will $100,000 per year.