Form 8-K/A
8-K/A — INNODATA INC
Accession: 0001104659-26-112351
Filed: 2026-09-30
Period: 2026-08-03
CIK: 0000903651
SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K/A — tm2626575d1_8ka.htm (Primary)
EX-10.1 — EXHIBIT 10.1 (tm2626575d1_ex10-1.htm)
EX-10.2 — EXHIBIT 10.2 (tm2626575d1_ex10-2.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
(Amendment
No. 1)
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 3, 2026
INNODATA
INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-35774
13-3475943
(State
or other jurisdiction of
(Commission
File Number)
(I.R.S.
Employer
incorporation)
Identification
No.)
55
Challenger Road
Ridgefield
Park, NJ
07660
(Address
of principal executive offices)
(Zip
Code)
Registrant's
telephone number, including area code (201)
371-8000
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock
INOD
The
Nasdaq Stock
Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported on
the Current Report on Form 8-K filed by Innodata Inc., a Delaware corporation (the “Company”) on August 6, 2026 (the “Original
8-K”), the Board of Directors of the Company (the “Board”) approved the transition of (i) Jack S. Abuhoff from the role
of Chief Executive Officer of the Company to the role of Executive Chairman, effective as of September 30, 2026 (the “Executive
Chairman Transition”), and (ii) Rahul Singhal from the role of President and Chief Revenue Officer of the Company to the role of
President and Chief Executive Officer, effective as of September 30, 2026 (the “CEO Transition”).
On September 28, 2026, in
connection with the Executive Chairman Transition, the Company and Mr. Abuhoff entered into an amendment (the “Abuhoff Amendment”)
to the employment agreement, as amended, between the Company and Mr. Abuhoff, effective September 30, 2026. Pursuant to the Abuhoff Amendment,
Mr. Abuhoff will serve as Executive Chairman of the Company, report directly to the Board and receive an annual base salary of $600,000,
subject to annual review by the Board for discretionary increases, with the first such increase, if any, to be effective April 1, 2028.
Mr. Abuhoff’s target annual cash bonus will be 100% of his then-current base salary. The Abuhoff Amendment also provides that the
changes associated with Mr. Abuhoff’s transition to Executive Chairman, including changes to his title, duties, authority, reporting
relationship and compensation, will not constitute “Good Reason” under his employment agreement or otherwise entitle him to
severance or other termination-related payments or benefits.
On September 28, 2026, in
connection with the CEO Transition, the Company and Mr. Singhal entered into an amendment (the “Singhal Amendment”) to the
employment agreement between the Company and Mr. Singhal, effective September 30, 2026. Pursuant to the Singhal Amendment, Mr. Singhal
will serve as President and Chief Executive Officer of the Company and report solely and directly to the Board. Mr. Singhal will receive
an annual base salary of $636,276, subject to annual performance reviews for discretionary increases as determined by the Leadership and
Compensation Committee of the Board, with the first such increase, if any, to be effective April 1, 2028. Mr. Singhal’s target annual
cash bonus will be 100% of his then-current base salary.
The above description of the
Abuhoff Amendment is qualified in its entirety by reference to the full text of the Abuhoff Amendment, a copy of which is attached to
this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference. The above description of the Singhal Amendment is
qualified in its entirety by reference to the full text of the Singhal Amendment, a copy of which is attached to this Current Report on
Form 8-K as Exhibit 10.2 and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
See Exhibit Index below.
Exhibit Index
Exhibit No.
Description
10.1
Amendment Number 4 to Employment Agreement, by and between Innodata Inc. and Jack Abuhoff, as amended, effective as of September 30, 2026.
10.2
Amendment Number 1 to Employment Agreement, by and between Innodata Inc. and Rahul Singhal, effective as of September 30, 2026.
104
Cover Page Interactive Data File (formatted in iXBRL)
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
INNODATA INC.
Date: September 30, 2026
By:
/s/ Amy R. Agress
Amy R. Agress
Senior Vice President and General Counsel
EX-10.1 — EXHIBIT 10.1
EX-10.1
Filename: tm2626575d1_ex10-1.htm · Sequence: 2
Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
Amendment Number 4
THIS AMENDMENT NUMBER 4 TO EMPLOYMENT AGREEMENT
(“Amendment Number 4”) effective as of September 30, 2026 (the “Effective Date”), is by and between INNODATA
INC., a Delaware corporation (the “Company”), and JACK S. ABUHOFF (the “Executive”).
WHEREAS, the Company and the Executive are
parties to that certain Employment Agreement effective as of February 1, 2009, as amended by that certain Amendment Number 1 to Employment
Agreement effective as of July 11, 2011, that certain Amendment Number 2 to Employment Agreement effective as of November 6,
2025, and that certain Amendment Number 3 to the Employment Agreement effective as of January 1, 2026 (the “Employment Agreement”);
WHEREAS, Paragraph 14(c) of the Employment
Agreement provides that the Employment Agreement may be amended by written agreement of both parties thereto; and
WHEREAS, the Company and the Executive are
mutually desirous to enter into this Amendment Number 4 to amend certain terms of the Employment Agreement;
NOW, THEREFORE, the Company and the Executive
hereby consent and agree to amend the Employment Agreement, in accordance with the relevant terms and provisions thereof, as follows:
1. Paragraph 1 of the Employment Agreement is hereby amended by deleting the first sentence thereof and substituting therefor the following
language:
“The Company hereby continues to employ the Executive
as its Executive Chairman for and during the Term of this Employment Agreement (as set forth in Paragraph 4).”
2. Paragraph 2 of the Employment Agreement is hereby deleted in its entirety and the following is substituted therefor:
“2. Duties and Authorities
of the Executive. Throughout the Term, the Executive shall have such duties and authorities as shall be consistent with his position
as Executive Chairman of the Company, as may be reasonably assigned to him from time to time by the Board of Directors of the Company
(the “Board”), and he shall report solely and directly to the Board.”
3. Paragraph 4 of the Employment Agreement is hereby deleted in its entirety and the following is substituted therefor:
“4. Term. The term
of this Agreement originally commenced on February 1, 2009, was subsequently amended, and is hereby further amended as of the Effective
Date and shall end when terminated pursuant to Paragraph 7 of this Agreement (the “Term”).”
4. Paragraph 5(a) of the Employment Agreement is hereby deleted in its entirety, and the following is substituted therefor:
“(a) Base
Compensation. The Company shall pay the Executive an annualized base salary (“Base Salary”) at the rate of Six Hundred
Thousand Dollars ($600,000.00), subject to annual reviews by the Board, such reviews to be coterminous with the annual reviews of
the Company’s other senior executives, but in all events such review shall occur no later than March of each calendar
year during the Term for discretionary increases to be applicable for the twelve (12) consecutive month period commencing on the
respective next April 1 (provided that the first such increase, if any, shall commence April 1, 2028) as determined by the
Board in its sole and absolute discretion. Except as set forth in the followings sentence, Base Salary shall at no time during the
Term be reduced. If the Executive and the Board mutually determine that there has been, or is reasonably expected to be, a
meaningful reduction in the Executive's time commitment to the Company and/or in the scope of the Executive's duties, authority, or
responsibilities hereunder, the Executive and the Company shall thereupon negotiate in good faith a reduced Base Salary (and, to the
extent the parties deem appropriate, corresponding revisions to the Executive's incentive and equity compensation opportunities set
forth in Paragraphs 5(b) and 5(c) of the Employment Agreement) commensurate with such reduced time commitment and/or
responsibilities. Any such revised compensation arrangement shall be effective only if set forth in a written amendment to this
Employment Agreement executed by the Executive and the Company, and unless and until such written amendment is executed, the Base
Salary and other compensation then in effect shall continue unchanged. Any reduction in compensation effected pursuant to this
Paragraph 5(a) shall (i) apply prospectively only and shall not affect any compensation or benefits earned or accrued
prior to the effective date thereof, (ii) not constitute "Good Reason" (or any term of similar import) for purposes
of this Employment Agreement or any other agreement, plan, or award between the Executive and the Company, and (iii) be
implemented in a manner intended to comply with, or be exempt from, Section 409A of the Internal Revenue Code of 1986, as
amended."
5. Paragraph 5(b) of the Employment Agreement is hereby amended by deleting the fourth sentence in its entirety, and the following
is substituted therefor:
“The amount of Bonus will be conditioned on the attainment
of certain quantitative objectives established by the Compensation Committee in its sole and absolute discretion and communicated thereby
in writing to the Executive within the first ninety (90) days of the applicable calendar year. The Compensation Committee will also determine
and advise the Executive in writing during such ninety (90) day period of his “target” Bonus amount for such calendar year,
which shall not be less than one hundred percent (100%) of the annual rate of the Executive’s then Base Salary in effect for the
calendar year for which the Bonus is to be determined.”
6. Paragraph 6(c) of the Employment Agreement is hereby amended by deleting the second sentence in its entirety.
7. Paragraph 14(g) of the Employment Agreement is hereby deleted in its entirety.
8. All references to “Compensation Committee” are hereby deleted and replaced with references to “Leadership and Compensation
Committee”.
The parties further agree that:
9. Consent to Transition. The Executive acknowledges and agrees that, effective as of September 30, 2026 (the "Transition
Date"), (i) the Executive shall cease to serve as Chief Executive Officer of the Company and shall thereafter serve as Executive
Chairman of the Company, with the title, authority, duties, responsibilities, reporting relationship, and compensation set forth in this
Amendment (collectively, the "Executive Chairman Terms"), and (ii) Rahul Singhal shall be appointed Chief Executive Officer
of the Company (the "Successor Appointment"). The Executive hereby expressly consents to the changes in the Executive's title,
authority, duties, responsibilities, reporting relationship, and compensation effected by this Amendment and to the Successor Appointment
(collectively, the "Transition Changes").
10. Waiver as to Transition Changes. The Executive acknowledges and agrees that none of the Transition Changes, whether taken individually
or in the aggregate, nor any action or event reasonably incident to their implementation, has or shall constitute or give rise to "Good
Reason" (or any term of similar import) under this Employment Agreement or under any other agreement, plan, program, or award between
the Executive and the Company, or otherwise entitle the Executive to terminate employment for Good Reason or to receive severance or other
termination-related payments or benefits by reason thereof, and the Executive hereby irrevocably waives any right to assert Good Reason
(or constructive termination, or any similar claim) arising from or in connection with the Transition Changes.
11. Reset of Good Reason Baseline. From and after the Transition Date, the definition of "Good Reason" in Paragraph 7(f)(ii) of
the Employment Agreement shall be applied solely by reference to the Executive Chairman Terms as in effect on the Transition Date (as
the same may be modified from time to time in accordance with Paragraph (d) below and not by reference to the Executive's prior service
as Chief Executive Officer or the title, authority, duties, responsibilities, reporting relationship, or compensation associated with
such prior service. For the avoidance of doubt, and subject to Paragraph 7(f)(ii), the Executive's Good Reason protections shall otherwise
continue in full force and effect with respect to the Executive Chairman role, such that a material diminution of the Executive Chairman
Terms not consented to by the Executive shall continue to be subject to the Good Reason provisions of the Employment Agreement.
12. Subsequent Modifications. The Executive and the Company acknowledge that the Executive Chairman role is intended to be flexible
and may evolve over time, and that following the first (1st) anniversary of the Transition Date, the Executive and the Board may mutually
determine that further reductions in the Executive's time commitment, duties, authority, or responsibilities, and/or corresponding reductions
in the Executive's compensation, are appropriate. Any such further modification that is (i) mutually agreed by the Executive and
the Board and (ii) set forth in a written amendment to this Employment Agreement or in a written resolution of the Board consented
to in writing by the Executive shall, from and after its effective date, (x) constitute part of the Executive Chairman Terms for
purposes of the Employment Agreement, thereby resetting the baseline against which Good Reason is measured, and (y) not constitute
or give rise to Good Reason under this Employment Agreement or any other agreement, plan, program, or award between the Executive and
the Company.
13. Effect of Modifications. Except as expressly modified by this Amendment Number 4, all other terms and conditions of the Employment
Agreement shall remain unchanged and in full force and effect. In the event of any inconsistency between the terms and conditions of this
Amendment Number 4 and the terms and conditions of the Employment Agreement, the terms and conditions of this Amendment Number 4 will
govern and control.
IN WITNESS WHEREOF, the
Company and the Executive have executed this Amendment Number 4 on the date indicated below.
Innodata Inc.
By:
/s/ Amy Agress
Name:
Amy Agress
Title
SVP and General Counsel
Date
September 28, 2026
Jack S. Abuhoff
By:
/s/ Jack Abuhoff
Date
September 28, 2026
EX-10.2 — EXHIBIT 10.2
EX-10.2
Filename: tm2626575d1_ex10-2.htm · Sequence: 3
Exhibit 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
Amendment Number 1
THIS AMENDMENT NUMBER 1 TO EMPLOYMENT AGREEMENT
(“Amendment Number 1”) effective as of September 30, 2026 (the “Effective Date”), is by and between INNODATA
INC., a Delaware corporation (the “Company”), and RAHUL SINGHAL (the “Executive”).
WHEREAS, the Company and the Executive are
parties to that certain Employment Agreement effective as of January 1, 2026 (the “Employment Agreement”);
WHEREAS, Paragraph 14(c) of the Employment
Agreement provides that the Employment Agreement may be amended by written agreement of both parties thereto; and
WHEREAS, the Company and the Executive are
mutually desirous to enter into this Amendment Number 1 to amend certain terms of the Employment Agreement;
NOW, THEREFORE, the Company and the Executive
hereby consent and agree to amend the Employment Agreement, in accordance with the relevant terms and provisions thereof, as follows:
1. Paragraph 2 of the Employment Agreement is hereby amended to read in its entirety as follows:
“Throughout the Term, the
Executive shall have such duties and authorities as shall be consistent with his position as President and Chief Executive Officer of
the Company, as may be reasonably assigned to him from time to time by the Board of Directors of the Company (the “Board”),
and he shall report solely and directly to the Board. At all times during the Term, the Executive shall be the most senior executive officer
of the Company.”
2. All references to “President and Chief Revenue Officer” are hereby deleted and replaced with references to “President
and Chief Executive Officer”.
3. All references to “Compensation Committee” are hereby deleted and replaced with references to “Leadership and Compensation
Committee”.
4. The first sentence of Paragraph 5(a) of the Employment Agreement is hereby amended to read in its entirety as follows:
“Base Compensation. The Company shall pay the
Executive an annualized base salary (“Base Salary”) at the rate of Six Hundred Thirty-Six Thousand Two Hundred and
Seventy-Six Dollars ($636,276), subject to annual performance reviews, such reviews to be coterminous with the annual reviews of the Company’s
other senior executives, but in all events such review shall occur no later than March of each calendar year during the Term for
discretionary increases to be applicable for the twelve (12) consecutive month period commencing on the respective next April 1 (provided
that the first such increase, if any, shall commence April 1, 2028) as determined by the Leadership and Compensation Committee of
the Board (the “Leadership and Compensation Committee”) in its sole and absolute discretion.”
5. The fourth sentence of Paragraph 5(b) of the Employment Agreement is hereby amended to read in its entirety as follows:
“The Executive’s “target” Bonus amount
for each calendar year shall be one hundred percent (100%) of the annual rate of the Executive’s then Base Salary in effect for
the calendar year for which the Bonus is to be determined”.
6. The second sentence of Paragraph 7(f)(ii)(C) of the Employment Agreement is amended to delete the words “the CEO or”.
7. Paragraph 14(g) of the Employment Agreement is hereby deleted in its entirety.
Except as expressly modified by this Amendment
Number 1, all other terms and conditions of the Employment Agreement shall remain unchanged and in full force and effect. In the event
of any inconsistency between the terms and conditions of this Amendment Number 1 and the terms and conditions of the Employment Agreement,
the terms and conditions of this Amendment Number 1 will govern and control.
IN WITNESS WHEREOF, the
Company and the Executive have executed this Amendment Number 1 on the date indicated below.
Innodata Inc.
By:
/s/ Jack Abuhoff
Name:
Jack Abuhoff
Title
Chief Executive
Officer
Date
September 28, 2026
Rahul Singhal
By:
/s/ Rahul Singhal
Date
September 28, 2026
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dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration