United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 1, 2022 (
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Sec.230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Sec.240.12b-2 of this chapter).
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| Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On March 28, 2022, Payoneer Global Inc. (the “Company”) and Oded Edri, who serves as the Company’s Chief Accounting Officer, mutually agreed that, effective May 1, 2022, Mr. Edri will cease to be the Company’s Chief Accounting Officer and will remain employed for a transition period through September 30, 2022.
Mr. Edri entered into a separation and release agreement in connection with his departure that provides for a release of claims against the Company and certain separation benefits, including a transition period as employee and the accelerated vesting of certain outstanding equity awards.
(c) On March 31, 2022, the Board of Directors (the “Board”) of the Company determined that Itai Perry, Senior Vice President Finance, shall serve as the “principal accounting officer” of the Company for purposes of Section 16 of the Securities Exchange Act of 1934, effective as of May 1, 2022, at which time Mr. Edri will cease to serve in such capacity. Mr. Perry, aged 40, served as Vice President Finance, and earlier, as Senior Director of Finance, of the Company since 2019. Prior to joining the Company, Mr. Perry was Director of Finance, Head of Accounting, at Allot (NASDAQ, TASE: ALLT), a network security and telecommunications intelligence solutions company, where he worked from 2014 to 2019. Earlier in his career, he was Controller for Attenti, an electronic monitoring security solutions company, and worked for PricewaterhouseCoopers (PwC) Israel. Mr. Perry is a CPA (IL) and has a BA in Accounting and Economics from Tel-Aviv University (2007).
Mr. Perry is expected to enter into the Company’s standard form of indemnification agreement.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* Furnished herewith
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PAYONEER GLOBAL INC. | ||
| April 1, 2022 | By: | /s/ Scott Galit |
| Name: Scott Galit | ||
| Title: Chief Executive Officer | ||