Creative Realities, Inc. (CREX) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Creative Realities, Inc. on December 4, 2025, covering events occurring on December 1, 2025. The Company is incorporated in Minnesota and trades on The Nasdaq Stock Market LLC under the symbol "CREX". The filing primarily addresses a change in senior executive management.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- Appointment of CFO: Tamra Koshewa was appointed Chief Financial Officer (CFO) effective December 1, 2025.
- Departure of Interim CFO: Richard Mills ceased serving as interim CFO effective November 30, 2025.
- Compensation Package: Ms. Koshewa's employment agreement includes an annual base salary of $350,000 and a minimum 2025 bonus of $50,000.
- Equity Grant: Ms. Koshewa was granted stock options to purchase 100,000 shares of common stock at an exercise price of $2.89 per share.
Outlook, Risks, and Management Commentary
The filing details the qualifications of the new CFO, noting over 30 years of financial leadership experience across manufacturing, technology, and services sectors, including prior roles at General Electric and Time Warner Cable. The employment agreement includes severance provisions equal to six months of base salary if terminated without cause or within 12 months of a change in control. The stock options vest in three equal annual installments beginning December 1, 2026. No specific business risks or contingencies were disclosed in this filing.
Key Facts for Investor Verification
- Verify the vesting schedule and exercise price ($2.89) of the 100,000 stock options granted to the new CFO.
- Confirm the transition timeline between the interim CFO (Richard Mills) and the permanent CFO (Tamra Koshewa).
- Review the Company's 2023 Stock Incentive Plan to understand the remaining pool of shares available for future grants.
- Monitor future filings for the impact of the new CFO on financial reporting and strategic direction.