INOD Appoints Jayant Chauhan as CFO, Reaffirms 2026 Growth Outlook

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

Innodata Inc. (INOD) appointed Jayant Chauhan as Executive Vice President and Chief Financial Officer, effective July 6, 2026. Marissa Espineli will transition to Chief Accounting Officer. The company reaffirmed its full-year 2026 revenue growth guidance of approximately 40% or more year-over-year, up from the prior guidance of approximately 35% or more.

Innodata Inc. (INOD) announced on June 17, 2026, that it has appointed Jayant Chauhan as Executive Vice President and Chief Financial Officer, effective July 6, 2026.

Marissa Espineli, who had been serving as Interim Chief Financial Officer, will transition to the new role of Chief Accounting Officer and will report to Chauhan.

2026 Guidance Reaffirmed

The company reaffirmed its full-year 2026 revenue growth guidance, which was originally provided on May 7, 2026. Innodata continues to expect revenue growth of approximately 40% or more year-over-year, compared to the approximately 35% or more the company had previously guided in connection with its Fourth Quarter and Full Year 2025 Results.

Chauhan's Compensation

According to the employment agreement included in the filing, Chauhan will receive an annualized base salary of $460,000. His compensation will also include equity-based and other incentive awards to be determined by the company's Compensation Committee. His base salary cannot be reduced during his employment.

The agreement includes provisions for severance payments and continued benefits in various termination scenarios. If Chauhan is terminated without cause or resigns for "good reason" (such as a material breach of the agreement by the company or a significant reduction in his duties), he would be entitled to severance payments equal to 100% of his base salary and bonus, paid over twelve months if the termination occurs before a change of control event. If he is terminated coincident with a change of control, severance would equal 200% of base salary and bonus, paid as a lump sum within 30 days.

Non-Compete and Confidentiality

Chauhan's agreement includes a 12-month non-compete provision restricting him from soliciting customers of the company or hiring its employees after employment ends. He is also bound by confidentiality obligations regarding the company's trade secrets, financial information, customer information, and other proprietary business details.

Key facts

Jayant Chauhan appointed Executive Vice President and Chief Financial Officer effective July 6, 2026

Marissa Espineli transitioning from Interim CFO to Chief Accounting Officer

Chauhan's annualized base salary: $460,000

INOD reaffirmed full-year 2026 revenue growth guidance: approximately 40% or more year-over-year

Prior 2026 guidance: approximately 35% or more revenue growth

Original guidance announced May 7, 2026

Filing date: June 17, 2026

Severance upon termination without cause: 100% of base salary and bonus (12-month period) or 200% if coincident with change of control (lump sum)

12-month non-compete and non-solicitation of customers and employees

Why it matters

Innodata's reaffirmation of upgraded 2026 guidance (40% or more growth, up from 35%) signals the company's confidence in its business momentum and supports the financial stability of the organization at a moment of CFO transition. Chauhan's appointment ends the interim period and establishes a permanent finance leadership structure. The detailed employment agreement reflects the company's commitment to retaining senior finance talent, with severance protections that are standard for C-suite roles but worth noting for investors tracking management stability and costs.

Frequently asked

Who is the new Chief Financial Officer of Innodata?

Jayant Chauhan was appointed Executive Vice President and Chief Financial Officer, effective July 6, 2026.

What happened to the interim CFO, Marissa Espineli?

Marissa Espineli transitioned from Interim Chief Financial Officer to Chief Accounting Officer, reporting to Chauhan.

Did Innodata change its 2026 revenue growth guidance?

No. Innodata reaffirmed its full-year 2026 revenue growth guidance of approximately 40% or more year-over-year, which was previously upgraded from approximately 35% or more.

What is Jayant Chauhan's base salary?

Chauhan's annualized base salary is $460,000, subject to annual performance reviews and potential increases determined by the Compensation Committee.

What the filing reported

2.02 Results of Operations & Financial Condition

5.02 Departure/Election of Directors or Officers

9.01 Financial Statements & Exhibits