CareCloud, Inc. 8-K

What Happened CareCloud, Inc. filed an 8-K (Dec 29, 2025) announcing leadership changes effective January 1, 2026: Stephen Snyder will serve as the company’s Chief Executive Officer, and A. Hadi Chaudhry will transition from Co‑CEO to Chief Strategy Officer. The company also amended executive employment agreements for Mahmud Haq (Executive Chairman & Founder) and Crystal Williams (President).

Key Details

• Stephen Snyder (49) named CEO effective Jan 1, 2026; annual base salary $350,000; eligible for an annual bonus up to 100% of base salary at the Board’s discretion. Initial employment term: Jan 1, 2026–Dec 31, 2027, with automatic one‑year renewals unless 90 days’ notice given.
• A. Hadi Chaudhry (49) becomes Chief Strategy Officer effective Jan 1, 2026; annual base salary $300,000; eligible for an annual bonus with target up to 100% of base salary. Initial term Jan 1, 2026–Dec 31, 2027, with similar renewal terms.
• Severance: Each named executive (Snyder, Chaudhry, Haq, Williams) may be entitled to severance of up to 24 months’ salary and bonus under their agreements upon termination (as described in the filed agreements).
• Other amendments: Mahmud Haq’s salary increased from $300,000 to $350,000; Crystal Williams’ salary increased from $250,000 to $300,000. Snyder’s agreement permits certain outside activities so long as they don’t materially interfere with his duties.

Why It Matters These changes clarify CareCloud’s leadership structure heading into 2026 and set compensation and contract terms that could affect the company’s operating expenses and governance. Investors should note the higher fixed payroll commitments (base salaries) and potential severance obligations (up to two years’ pay and bonus), plus the Board’s discretion over sizable performance bonuses (up to 100% of base). The filed employment agreements and press release provide the full contractual details.