INNODATA INC. (NASDAQ:INOD) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
Reference is made to Item 5.02 for information on a Separation Agreement and General Release entered into by Innodata Inc. (the “Company”) and Mr. O’Neil Nalavadi on January 17, 2018.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
| (e) | On January 17, 2018 the Company and Mr. O’Neil Nalavadi entered into a Separation Agreement and General Release (the “Separation Agreement”) in connection with the termination of Mr. Nalavadi’s employment on December 1, 2017. to the Separation Agreement, in consideration for a general release and other obligations, Mr. Nalavadi will receive $280,000 in severance payable over a twelve (12) month period and payment of his COBRA premiums through November 30, 2018. |
| The foregoing description of the Separation Agreement is qualified in its entirety by reference to the complete text of the Separation Agreement that is filed as an exhibit to this Report. |
| Item 9.01. | Financial Statements and Exhibits |
INNODATA INC ExhibitEX-10.1 2 tv483663_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 SEPARATION AGREEMENT AND GENERAL RELEASE Innodata Inc. (“Innodata”) and O’Neil Nalavadi (together with his heirs,…To view the full exhibit click here
About INNODATA INC. (NASDAQ:INOD)
Innodata Inc. is a digital services and solutions company. The Company’s technology and services power information products and online retail destinations around the world. Its segments include Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). The CS segment provides solutions, such as development of digital content (including e-books), development of digital information products, and operational support of digital information products and systems. IADS operates through two subsidiaries, such as Synodex, which is engaged in the extraction and classification of data from unstructured medical records, and docGenix, which is engaged in the extraction and classification of data from unstructured legal records. The MIS segment operates through its subsidiaries, including MediaMiser, which provides media monitoring and analysis software and professional services, and Bulldog Reporter, which supplies media intelligence news and analysis.