KORE Group Holdings approves $3.2 million retention awards for key employees

KORE Group Holdings, Inc. (NYSE:KORE) announced that on October 30, 2025, its Board of Directors’ Special Committee approved retention awards totaling approximately $3.2 million for key employees, including named executive officers. The company stated these awards are intended to retain employees as the Special Committee evaluates a potential strategic transaction involving the company or an alternative.

According to the company’s press release statement, employees eligible for the retention awards must remain with KORE Group Holdings or its subsidiaries through the 18-month anniversary of the award date. If an employee leaves before this period ends, the award is forfeited. Exceptions apply if employment is terminated without cause or, for executive officers and one other key employee, if the participant resigns for good reason as defined in the award agreement. In these cases, the retention award becomes payable within 60 days of the employment ending. Otherwise, payment will be made within 60 days after the retention period concludes.

The company noted that the terms for executive officers are detailed in the form of retention award agreement included as an exhibit in the filing. KORE Group Holdings, based in Atlanta, Georgia, is listed on the New York Stock Exchange under the ticker NYSE:KORE.

All information in this article is based on a statement from the company’s recent SEC filing.

In other recent news, KORE Group Holdings Inc. announced its financial results for the third quarter of 2025, revealing that total revenue remained flat year-over-year at $68.7 million. Despite the stagnant revenue, the company’s adjusted EBITDA increased by 12%, and there was an improvement in its net loss compared to the previous year. Notably, KORE has suspended its financial guidance amid considerations of a potential strategic transaction. This decision indicates that the company might be exploring significant changes in its operations or structure. The news about the revenue and strategic considerations comes amidst a slight dip in KORE’s stock price. Investors will be closely monitoring any further announcements regarding the potential transaction. These developments are crucial for stakeholders as they assess KORE’s future performance and strategic direction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.