UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 15, 2022
CERBERUS CYBER SENTINEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 001-41227 | 83-4210278 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation | File Number) | Identification No.) |
6900 E. Camelback Road, Suite 240, Scottsdale, AZ 85251
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (480) 389-3444
Not Applicable
(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, $0.00001 par value | CISO | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 checkmark 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 Principal Officers; Election of Directors; Appointment of Principal Officers
Bryce Hancock submitted his resignation to the Board of Directors (the “Board”) of Cerberus Cyber Sentinel Corporation (the “Company”) from his position of President and Chief Operating Officer, effective February 15, 2022.
On February 18, 2022, the Board appointed David Bennett as Chief Operating Officer.
Mr. Bennett, 58, brings more than 30 years of executive management experience to the Company. Most recently, from August, 2021 to February, 2022, he served as the Chief Product Officer at Experian Health, a leader in Healthcare Revenue Cycle solutions and Digital Health. Experian provides data services for many verticals leveraging credit data, where Mr. Bennett was responsible for all Experian Health’s Portfolio. Previously, from October, 2020 to August, 2021, Mr. Bennett served as Senior Vice President Product at Gainwell Technologies, a leader in Medicaid Management Systems and Payer Analytics, where Mr. Bennett led Product Management, Engineering and SaaS services. Previously, from March, 2018 to October, 2020, Mr. Bennett served as VP, Global Build Healthcare & Life Sciences at DXC Technologies, which generates 2.9B in Payer, Provider and Life Sciences segments. Mr. Bennett was responsible for product management, architecture, development and solution consulting. From November, 2013 to March, 2018, Mr. Bennett served as EVP, Product & Strategy for Orion Health, a software company which is the leader in Health Information Exchanges, Digital Health and Healthcare Analytics. Mr. Bennett was responsible for corporate strategy, products, and go to market operations. He also serves on the Grand Canyon University President’s STEM Advisory Board. Mr. Bennett received a degree in Computer Information Science from DeVry University in 1985.
Item 8.01 Other Events
On February 17, 2022, the Company issued a press release announcing the appointment of Mr. Bennett. A copy of the press release is filed hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release Dated February 17, 2022 Announcing the Appointment of Mr. Bennett | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
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 hereunto duly authorized.
CERBERUS CYBER SENTINEL CORPORATION | ||
By: | /s/ Deb Smith | |
Deb Smith | ||
Chief Financial Officer (Principal Accounting Officer) | ||
February 22, 2022 |
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Exhibit 99.1
Cerberus Sentinel Names Dave Bennett Chief Operating Officer
U.S. cybersecurity services firm appoints recognized operations leader to executive team for next stage of growth
SCOTTSDALE, Ariz., Feb. 17, 2022 (GLOBE NEWSWIRE) — Cerberus Cyber Sentinel Corporation (Nasdaq: CISO), a Managed Compliance and Cybersecurity Provider (MCCP) based in Scottsdale, Ariz., announces that Dave Bennett has been named chief operating officer (COO) of the company. He will be responsible for overseeing all operations, integrations, and service offerings for the organization, assuming his new role Feb. 25.
Previously, Bennett served as chief product officer (CPO) for Experian Health. He currently serves as a member of the President’s STEM Advisory Board at Grand Canyon University. Earlier, he served as vice president and worldwide head of build for healthcare and life sciences at DXC.
“I’m pleased to have such a high-caliber individual join the Cerberus Sentinel team,” said David Jemmett, CEO, Cerberus Sentinel. “I’ve personally seen Dave grow through his career over the last 25 years. He has served in leadership roles for multiple companies, where he has brought operational and sales excellence. This appointment continues our strategy of acquiring the best talent to drive our clients’ success and provide them with a blend of the best people, processes and technology to protect their digital infrastructure investment.
“Dave brings a crucial skill set to the Cerberus Sentinel team, which will help us continue to grow our organization through our significant M&A activity. He will build the infrastructure to support rapid organic growth and expand our capacity as an international Managed Compliance and Cybersecurity Provider.”
“I am very excited to join Cerberus Sentinel,” said Bennett. “The team is smart, passionate, and dedicated to supporting our worldwide clients, which I believe presents an opportunity for tremendous growth and value creation. The cybersecurity business is one of the fastest-growing industries today, and I am confident we can develop and execute plans to drive consistent growth. This is a people and technology business, and Cerberus Sentinel’s unique growth model positions us to get and retain the best cyber talent on the market.”
About Cerberus Sentinel
Cerberus Sentinel is a Managed Compliance and Cybersecurity Provider (MCCP) with its exclusive MCCP+ managed compliance and cybersecurity services plus culture program. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services, and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and compliance obligations.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plan,” “will,” “may,” “look forward,” “intend,” “guidance,” “future” or similar expressions are forward-looking statements. Because these statements reflect Cerberus Sentinel’s current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties. Investors should note that many factors, as more fully described under the caption “Risk Factors” and elsewhere in Cerberus Sentinel’s Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and as otherwise enumerated herein, could affect Cerberus Sentinel’s future financial results and could cause actual results to differ materially from those expressed in such forward-looking statements. The forward-looking statements in this news release are qualified by these risk factors. These are factors that, individually or in the aggregate, could cause the Cerberus Sentinel’s actual results to differ materially from expected and historical results. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. We assume no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
Company Contact:
Neil Stinchcombe, CMO
Cerberus Sentinel
480-500-7294
Neil.Stinchcombe@cerberussentinel.com
Public Relations:
Cathy Morley Foster
Eskenzi PR
925-708-7893
cathy@eskenzipr.com
Investor Relations:
Matt Glover or Alex Kovtun
Gateway Investor Relations
949-574-3860
CISO@gatewayir.com