{"url_path":"/sec/cuen/8-k/2026-06-12/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-12","source_url":"https://www.sec.gov/Archives/edgar/data/1424657/0001213900-26-068022-index.html","accession_number":"0001213900-26-068022","cik":"0001424657","ticker":"CUEN","issuer_name":"Cuentas Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1424657/0001213900-26-068022-index.html","primary_entity_key":"0001424657","primary_entity_name":"Cuentas Inc."},"word_count":529,"has_tables":true,"body_markdown":"**Item 5.02. Departure of Directors or Certain Officers; Election\nof Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\n**Appointment of Eric Kilinsky as Interim Chief Financial Officer**\n\n \n\nOn June 8, 2026, the Board of Directors (the “Board”)\nof Cuentas, Inc. (the “Company”) appointed Eric Kilinsky as the Company’s Interim Chief Financial Officer, effective\nJune 8, 2026. In this capacity, Mr. Kilinsky will serve as the Company’s principal financial officer and principal accounting officer.\nIn his role, Mr. Kilinsky will provide financial oversight, public company reporting support, SEC filing support, audit coordination,\naccounting oversight, capitalization table oversight, KPI reporting, budgeting and forecasting support, and financial analysis for the\nCompany.\n\n \n\nMr. Kilinsky has served as the Chief Executive\nOfficer and Fractional Chief Financial Officer of Quality Financial Services LLC, a financial advisory and accounting firm he founded\nthat provides outsourced chief financial officer, financial reporting, compliance, tax, and operational accounting services to private\nand public companies across multiple industries, since 2020. In that capacity, he has supported financial reporting and compliance initiatives\nfor more than ten public companies and has built and structured accounting departments and finance teams for numerous organizations. From\n2015 to 2020, Mr. Kilinsky served as Controller of Wonder Jewelers, a multi-location jewelry business, where he oversaw daily accounting\noperations, month-end close, and financial reporting. From 2014 to 2015, he served as a Tax Analyst at B. Riley Financial. Mr. Kilinsky\nreceived a Bachelor of Science in Accounting & Finance from Susquehanna University in 2014.\n\n \n\nIn connection with his appointment as Interim Chief\nFinancial Officer, the Company and Mr. Kilinsky agreed to the following compensation arrangement: a fixed monthly fee of Four Thousand\nDollars (USD $4,000) together with reimbursement for all reasonable and necessary out-of-pocket expenses reasonably necessary for the\nprovision of the Services. Mr. Kilinsky’s service as Interim Chief Financial Officer may be terminated by either party in accordance\nwith the terms of his engagement.\n\n \n\nThere are no family relationships between Mr.\nKilinsky and any director or executive officer of the Company. There are no transactions, and no proposed transactions, between Mr. Kilinsky\nand the Company that would be required to be reported under Item 404(a) of Regulation S-K. There is no arrangement or understanding between\nMr. Kilinsky and any other person pursuant to which he was appointed as Interim Chief Financial Officer.\n\n \n\n**Transition of Ofek Haim Suchard to Chief Artificial Intelligence\nOfficer**\n\n \n\nIn connection with the appointment of Mr. Kilinsky,\non June 8, 2026, the Company appointed Ofek Haim Suchard, who had been serving as the Company’s Interim Chief Financial Officer,\nas the Company’s Chief Artificial Intelligence Officer, effective June 8, 2026. Mr. Suchard holds a degree in mechanical engineering\nand brings a background in software development to his leadership of the Company’s artificial intelligence initiatives. As a result\nof Mr. Kilinsky’s appointment, Mr. Suchard ceased to serve as the Company’s Interim Chief Financial Officer, principal financial\nofficer, and principal accounting officer, effective June 8, 2026. Mr. Suchard’s transition to Chief Artificial Intelligence Officer\ndid not result from any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.\nAll prior disclosures and compensation regarding Mr. Suchard remain unchanged."}