Filing Analysis
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted to its website on August 10, 2026. The filing is made under Item 7.01 (Regulation FD Disclosure) and does not contain material non-public information or financial changes.
📋 Key Facts
- The company released an updated investor presentation via its website on August 10, 2026.
- The filing is made pursuant to Item 7.01 (Regulation FD Disclosure).
- Information provided in the exhibit is furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Crexendo, Inc. filed an 8-K to announce its results of operations for the fiscal quarter ended June 30, 2026. The filing serves as a formal notice that a press release containing these financial results was issued on August 4, 2026.
📋 Key Facts
- Reporting period: Quarter ended June 30, 2026.
- Filing date: August 4, 2026.
- The filing includes a press release (Exhibit 99.1) detailing results of operations and financial condition.
Crexendo, Inc. announced a leadership transition in its technology department effective August 1, 2026. Chris Aaker will be promoted to Chief Technology Officer, while the current CTO, David Wang, will transition to Senior Vice President.
🚩 Red Flags
- None identified; the filing explicitly states the transition is not due to a disagreement.
📋 Key Facts
- Chris Aaker appointed as Chief Technology Officer (CTO) effective August 1, 2026.
- David Wang transitioning from CTO to Senior Vice President effective August 1, 2026.
- The transition is part of a planned technology leadership succession.
- Mr. Wang will remain a full-time employee and the company stated there was no disagreement regarding operations or policies related to this change.
- Chris Aaker has been with the company (including via NetSapiens) since 2007.
Crexendo, Inc. announced the publication of an updated investor presentation on its corporate website on May 12, 2026. The presentation is furnished as Exhibit 99.1 under Regulation FD requirements.
📋 Key Facts
- The filing was made under Item 7.01 Regulation FD Disclosure on May 12, 2026.
- The company posted an investor presentation to its website at www.crexendo.com/investor.
- The information in the report is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- Exhibit 99.1 contains the full Crexendo Investor Presentation dated May 12, 2026.
Crexendo, Inc. entered into a $10 million credit facility with Wells Fargo Bank, consisting of a $5 million term loan and a $5 million revolving line of credit. The facility is primarily intended to finance the acquisition of Estech Systems, LLC and provide working capital through May 2029.
🚩 Red Flags
- Substantially all assets of the company are pledged as collateral.
- The agreement imposes restrictive financial covenants including total net leverage and minimum fixed charge coverage ratios.
- Failure to meet covenants could result in immediate acceleration of debt.
📋 Key Facts
- Entered into a Credit Agreement with Wells Fargo Bank on May 1, 2026.
- Facility includes a $5,000,000 Term Loan and a $5,000,000 Revolving Line of Credit.
- Proceeds used to finance the acquisition of Estech Systems, LLC.
- Interest rates are based on SOFR plus a margin of 2.25% to 2.75% depending on leverage ratios.
- The loans mature on May 1, 2029.
- The debt is secured by substantially all assets of the Company and its subsidiaries.
Crexendo, Inc. issued a press release on May 5, 2026, announcing its financial results for the first quarter ended March 31, 2026. The filing is a routine disclosure of quarterly operations and financial condition.
📋 Key Facts
- Reporting results for the fiscal quarter ended March 31, 2026
- Filing date of May 5, 2026
- Information furnished under Item 2.02 Results of Operations and Financial Condition
- Exhibit 99.1 contains the full press release text
Crexendo, Inc. filed an amendment to a previous 8-K to provide audited financial statements and pro forma data regarding the acquisition of Estech Systems, LLC (ESI). The transaction closed on March 1, 2026, for an aggregate purchase price of approximately $34.7 million.
🚩 Red Flags
- Significant dilution: The issuance of over 1.1 million shares to the seller increases the total share count.
📋 Key Facts
- Acquisition of 100% of membership interests of Estech Systems, LLC and ESI Hosted Services, LLC.
- Total purchase price: Approximately $34.7 million.
- Payment structure: $27.3 million in cash and 1,159,638 shares of common stock.
- Stock valuation: Shares were valued at $6.41 per share.
- Lock-up period: 50% of shares can be sold after six months, and the remaining 50% after twelve months.
- Closing date: March 1, 2026.
Crexendo, Inc. furnished an updated investor presentation dated March 3, 2026, to its website and as an exhibit to this 8-K filing.
📋 Key Facts
- The filing was made under Item 7.01 Regulation FD Disclosure on March 6, 2026.
- The investor presentation (Exhibit 99.1) is dated March 3, 2026.
- The information is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
Crexendo, Inc. announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. The results were disclosed via a press release furnished under Item 2.02.
📋 Key Facts
- Announced Q4 and FY 2025 financial results on March 3, 2026.
- Information was furnished under Item 2.02 (Results of Operations and Financial Condition).
- Exhibit 99.1 contains the full press release text.
- The filing was signed by CFO Ronald Vincent.
Crexendo, Inc. acquired 100% of Estech Systems, LLC and its operating subsidiary ESI Hosted Services, LLC for a total consideration of $35 million. The transaction closed on March 1, 2026, and was funded through a combination of cash on hand and the issuance of common stock.
📋 Key Facts
- Total purchase price of $35,000,000.
- Cash component of $27,300,000 funded by cash on hand.
- Stock component of $7,700,000 consisting of 1,159,638 shares of common stock.
- Acquired entities include Estech Systems, LLC and ESI Hosted Services, LLC.
- Target business provides cloud-based and on-premises phone systems and business communication services.
- A portion of the consideration is held in escrow for post-closing adjustments and indemnification.
Crexendo, Inc. held its annual meeting of stockholders on December 2, 2025. The filing reports the results of shareholder votes regarding director elections, executive compensation, and the appointment of an independent auditor.
📋 Key Facts
- Annual meeting held on December 2, 2025.
- Stockholders approved the election of five Class I directors (Kevin Jackson, Todd A. Goergen, Jeffrey G. Korn, Steven G. Mihaylo, and David Williams) for two-year terms and one Class II director (Chris McKee) for a one-year term.
- Advisory approval was granted for the compensation of named executive officers.
- Stockholders approved a resolution to hold 'say on pay' advisory votes every three years.
- Urish Popeck & Co., LLC was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
Crexendo, Inc. has filed an 8-K to furnish an investor presentation posted to its website on November 7, 2025. This is a routine disclosure under Regulation FD.
📋 Key Facts
- The company released an investor presentation via its website (www.crexendo.com/investor) on November 7, 2025.
- The filing includes Exhibit 99.1 containing the said presentation.
- Information is being furnished under Item 7.01 and is not considered 'filed' for purposes of Section 18 liability.
The company announced the sudden passing of Jeffrey Bash, a long-standing member of the Board of Directors, who had served since August 2013.
📋 Key Facts
- Jeffrey Bash passed away at his home in Westfield, New Jersey, at age 83.
- Mr. Bash had been a member of the Board of Directors since August 2013.
- The Company became aware of the death on November 4, 2025.
- The Board intends to review committee compositions and membership in due course.
Crexendo, Inc. filed an 8-K to report its results of operations for the quarter ended September 30, 2025. The filing serves as a placeholder to furnish a press release containing financial performance data.
📋 Key Facts
- Report date: November 4, 2025
- Reporting period: Quarter ended September 30, 2025
- The filing includes Exhibit 99.1 (Press Release) regarding results of operations.
Anand J. Buch, the Chief Strategy Officer of Crexendo, Inc., has announced his intention to resign from his full-time position effective December 31, 2025. The resignation is not due to any disagreements with the company's operations or policies.
🚩 Red Flags
- None identified; departure is characterized as amicable and non-dispute related.
📋 Key Facts
- Anand J. Buch will resign as Chief Strategy Officer effective December 31, 2025.
- The departure is not related to any disagreement regarding Company operations, policies, or practices.
- Mr. Buch will transition to a part-time role focusing on licensee engagement and serving as a strategic advisor to the CEO.
- The terms of the future part-time arrangement have not yet been determined.
Crexendo, Inc. has filed an 8-K to furnish an investor presentation posted to its website on October 20, 2025. This is a routine disclosure under Regulation FD.
📋 Key Facts
- The company posted an investor presentation to its website (www.crexendo.com/investor) on October 20, 2025.
- The filing was made pursuant to Item 7.01 (Regulation FD Disclosure).
- Information is being furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted to its website on August 12, 2025. The filing is made pursuant to Item 7.01 (Regulation FD Disclosure) and does not constitute a formal 'filing' for liability purposes under Section 18.
📋 Key Facts
- The company posted an investor presentation to its website (www.crexendo.com/investor) on August 12, 2025.
- The information is being furnished pursuant to Item 7.01 of Form 8-K.
- Exhibit 99.1 contains the Crexendo Investor Presentation dated August 12, 2025.
Crexendo, Inc. filed an 8-K to announce its quarterly results of operations for the period ended June 30, 2025. The filing serves as a formal mechanism to furnish the earnings press release dated August 5, 2025.
📋 Key Facts
- Reporting date: August 5, 2025
- Period covered: Quarter ended June 30, 2025
- The filing includes Exhibit 99.1 containing the earnings press release
- Signed by Ronald Vincent, Chief Financial Officer
Crexendo, Inc. filed an 8-K to announce its quarterly results of operations for the period ended March 31, 2025. The filing serves as a formal notice that a press release containing these financial results was issued on May 6, 2025.
📋 Key Facts
- Reporting date: May 6, 2025
- Period covered: Quarter ended March 31, 2025
- The filing includes Exhibit 99.1 (Press Release) regarding results of operations.
Crexendo, Inc. has filed an 8-K to furnish an investor presentation posted to its website on March 11, 2025. This is a routine regulatory filing used to disclose non-material information under Regulation FD.
📋 Key Facts
- The company posted an investor presentation to its website (www.crexendo.com/investor) on March 11, 2025.
- The presentation is attached as Exhibit 99.1.
- Information provided under Item 7.01 is furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Crexendo, Inc. filed an 8-K to furnish its press release regarding the results of operations for the quarter and full year ended December 31, 2024.
📋 Key Facts
- Report date: March 4, 2025
- Reporting period: Quarter and full year ended December 31, 2024
- The filing serves to furnish results of operations via Exhibit 99.1
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted to its website on November 13, 2024. The filing is made under Item 7.01 (Regulation FD Disclosure) and the information provided is considered 'furnished' rather than 'filed'.
📋 Key Facts
- The company posted an investor presentation to its website (www.crexendo.com/investor) on November 13, 2024.
- The filing includes Exhibit 99.1, which is the aforementioned investor presentation.
- Information is furnished under Item 7.01 and is not subject to Section 18 liability or incorporation by reference.
Crexendo, Inc. filed an 8-K to furnish its quarterly results of operations for the period ended September 30, 2024. The filing serves as a formal announcement of financial performance via a press release.
📋 Key Facts
- Report date: November 6, 2024
- Reporting period: Quarter ended September 30, 2024
- The filing includes Exhibit 99.1 containing the results of operations press release.
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted to its website on August 20, 2024. This is a routine disclosure under Item 7.01 for providing supplemental information to the market.
📋 Key Facts
- The company posted an investor presentation to its website (www.crexendo.com/investor) on August 20, 2024.
- The filing is made pursuant to Item 7.01 Regulation FD Disclosure.
- The information provided is furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Crexendo, Inc. filed an 8-K to report its results of operations for the quarter ended June 30, 2024. The filing serves as a placeholder to furnish the company's quarterly earnings press release.
📋 Key Facts
- Reporting period: Quarter ended June 30, 2024.
- Report date: August 6, 2024.
- The filing includes Exhibit 99.1, which is the official press release regarding results of operations.
Crexendo, Inc. held its annual meeting of stockholders on August 7, 2024. The filing reports the election of three Class II directors and the appointment of a new independent registered public accounting firm.
📋 Key Facts
- Annual meeting of stockholders held on August 7, 2024.
- Anil Puri, Jeffrey P. Bash, and L. Jasmine Kim were elected to the Board as Class II directors for two-year terms expiring in 2026.
- Anand Buch resigned from the Board and withdrew his nomination prior to the meeting.
- Urish Popeck & Co., LLC was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
Anand Buch has resigned from the Board of Directors of Crexendo, Inc., effective August 1, 2024. While he will continue his role as Chief Strategy Officer, his resignation is motivated by a desire for greater board independence.
🚩 Red Flags
- Governance concern: The departing director explicitly stated a belief that the current Board lacks sufficient independence, suggesting potential misalignment between management/insiders and governance best practices.
📋 Key Facts
- Anand Buch resigned as a director on August 1, 2024.
- Mr. Buch withdrew his nomination for re-election at the upcoming annual meeting of stockholders.
- He will remain with the company in his capacity as Chief Strategy Officer.
- The resignation is based on his belief that the Board should consist only of independent directors and the CEO.
Crexendo, Inc. entered into a 36-month commercial sublease agreement with Acronis, Inc. for its new headquarters starting October 1, 2024.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Agreement type: Commercial Sublease Agreement.
- Counterparty: Acronis, Inc., a Delaware corporation.
- Term: 36 months, commencing October 1, 2024, through October 31, 2027.
- Monthly Base Rent (Year 1): $27,599.00 (Oct 2024 – Sept 2025).
- Monthly Base Rent (Year 2): $28,853.50 (Oct 2025 – Sept 2026).
- Monthly Base Rent (Year 3): $30,108.00 (Oct 2026 – Oct 2027).
- Rent Abatement: The Company is entitled to three months of rent abatement.
- Operating Costs: Company responsible for 50% of operating costs exceeding $20,000 per calendar year; historical data suggests costs have not exceeded this threshold.
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted to its website on May 9, 2024. This is a routine disclosure under Regulation FD.
📋 Key Facts
- The company released an updated investor presentation via its website (www.crexendo.com/investor).
- The filing was made pursuant to Item 7.01 (Regulation FD Disclosure).
- The information provided is furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Crexendo, Inc. filed an 8-K to announce its quarterly results of operations for the period ended March 31, 2024.
📋 Key Facts
- The filing is a standard earnings release (Item 2.02).
- Reporting period: Quarter ended March 31, 2024.
- Filing date: May 7, 2024.
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted on its website as of April 8, 2024. This is a routine regulatory filing used to provide supplemental information to the public.
📋 Key Facts
- The company posted an investor presentation to its website (www.crexendo.com/investor) on April 8, 2024.
- The presentation is attached as Exhibit 99.1.
- Information provided under Item 7.01 is furnished but not 'filed' for purposes of Section 18 liability.
Crexendo, Inc. filed an 8-K to furnish an investor presentation posted to its website on March 11, 2024. The filing is made under Item 7.01 (Regulation FD Disclosure) and the information provided is not considered 'filed' for purposes of Section 18 liability.
📋 Key Facts
- The company released an investor presentation via its website on March 11, 2024.
- The filing includes Exhibit 99.1 containing the said presentation.
- Information is furnished under Item 7.01 and is not subject to Section 18 liability.
Crexendo, Inc. filed an 8-K to announce its financial results for the quarter and full fiscal year ended December 31, 2023. The filing serves as a formal notice that a press release containing these results was issued on March 5, 2024.
📋 Key Facts
- Reporting period: Quarter and full fiscal year ended December 31, 2023.
- Filing date: March 5, 2024.
- The filing includes Exhibit 99.1, which contains the press release regarding results of operations.
Crexendo, Inc. entered into new employment agreements for its entire C-level executive team on February 5, 2024. The filings outline compensation structures, severance terms, and change-in-control provisions for the CEO, President/COO, CFO, CRO, CSO, and CTO.
🚩 Red Flags
- The simultaneous updating/formalizing of agreements for the entire C-suite can sometimes precede management turnover or restructuring, though it is often standard administrative cleanup.
📋 Key Facts
- New employment agreements entered into between Feb 5-6, 2024, for six C-level officers: Jeff Korn (CEO), Doug Gaylor (President/COO), Ron Vincent (CFO), Jon Brinton (CRO), Anand Buch (CSO), and David Wang (CTO).
- Officers remain 'at will' employees.
- Severance for termination without 'Cause' includes a lump sum of one month's base salary per year of service (capped at 12 months) plus one year of COBRA coverage, subject to release of claims.
- Change-in-control provisions include Restricted Stock Unit (RSU) awards and potential severance if the acquiring company does not retain the executive in a comparable position.
Crexendo, Inc. announced a leadership reorganization where Jeffrey G. Korn was appointed Executive Chairman of the Board. This follows his tenure as CEO and involves a transition for Mr. Mihaylo, who will move to 'Chairman Emeritus' status.
🚩 Red Flags
- Management reshuffle can sometimes signal internal friction, though the filing notes unanimous approval and compliments to management.
📋 Key Facts
- Effective January 22, 2024, Jeffrey G. Korn was appointed as Class I director and Executive Chairman.
- Mr. Korn has served as CEO since March 2023 and is a 21-year veteran of the company.
- The appointment was approved unanimously by the Nominating Committee and the Board.
- Mr. Mihaylo will remain on the Board as 'Chairman Emeritus'.
- Mr. Korn will receive no additional compensation for his new role as Executive Chairman.