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Posted 19 September, 2022

MobileSmith, Inc. appointed Mr. Caramanico as new CEO

OTC:MOST appointed new Chief Executive Officer Mr. Caramanico in a 8-K filed on 19 September, 2022.


  Effective upon Mr. Caramanico's resignation, the Board appointed Gleb Mikhailov, the Company's current Chief Financial Officer, as the Company's Interim Chief Executive Officer.  

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Overview of MobileSmith, Inc.
Technology • Software
MobileSmith, Inc. engages in the provision of mobile application services. It includes procedure management assistance and operational improvement patient/member-facing mobile application services to the healthcare industry. Its solutions includes Peri Patient Pathways, Peri Access, and Peri NAV. The company was founded by Bob Dieterle on August 10, 1993 and is headquartered in Raleigh, NC.
Market Cap
$8.52K
View Company Details
MobileSmith, Inc. 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.


On September 16, 2022, Chris Caramanico, the Chief Executive Officer and member of the Board of Directors (the "Board") of MobileSmith, Inc. (the "Company") verbally resigned from both positions effective immediately. A copy of Mr. Caramanico's resignation letter, which was delivered after his resignation, is attached to this Current Report on Form 8-K as Exhibit 17.1. The Board agreed to waive any notice provisions related to Mr. Caramanico's resignation pursuant to his employment agreement. The Company will not owe Mr. Caramanico any severance payments or other amounts other than his accrued salary up to his resignation date. Mr. Caramanico's resignation was not as a result of any disagreement with the Company or any of its subsidiaries on any matters related to their operation, policies or practices.


Effective upon Mr. Caramanico's resignation, the Board appointed Gleb Mikhailov, the Company's current Chief Financial Officer, as the Company's Interim Chief Executive Officer. Mr. Mikhailov's current annual salary of $200,000 will not be adjusted at this time. The Company will report any material adjustments to Mr. Mikhailov's compensation on a Current Report on Form 8-K as necessary. Mr. Mikhailov's biography is set forth below.


Mr. Mikhailov has been the Company's Chief Financial Officer since April 2013. From January 2013 to March 2013, Mr. Mikhailov served as the Manager of Financial Reporting and SEC Consulting in the SEC Solutions Group of Citrin Cooperman, LLP, an accounting firm providing business solutions and accounting services to middle market companies. From January 2005 until December 2012, Mr. Mikhailov was employed by EisnerAmper LLP, a full-service advisory and public accounting firm, in its Private Business Services Group and Audit and Assurance Group. He was a Manager at EisnerAmper LLP since 2010. Mr. Mikhailov holds a B.A. in Accounting from Rutgers, The State University of New Jersey and an M.B.A. from Rutgers Business School. Mr. Mikhailov holds a CPA license issued by the State of New Jersey.