Consensus Cloud appoints new CFO and CAO

Consensus Cloud Solutions appointed Adam Varon as Chief Financial Officer and Karel Krulich as Chief Accounting Officer, both effective April 1, 2026.

Accepted by SEC EDGAR 03/31/2026 - 08:19 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Consensus Cloud Solutions appointed Adam Varon as Chief Financial Officer and Karel Krulich as Chief Accounting Officer, both effective April 1, 2026. These roles give them primary responsibility over the company’s finance and accounting functions.

Varon will receive a $345,000 base salary and be eligible for up to a $150,000 bonus in 2026. He received a February 2026 equity grant valued at about $400,000, split between 8,818 performance-based restricted stock units tied to 2026 financial and stock price goals and 8,818 time-based RSUs vesting over three years. He will also receive an additional equity grant valued at about $300,000, consisting of 12,637 time-based RSUs vesting over three years.

Krulich will receive a $327,000 base salary and be eligible for up to a $100,000 bonus in 2026. He received a February 2026 equity grant valued at about $375,000, split between 8,267 performance-based restricted stock units with similar financial and stock-price conditions and 8,267 time-based RSUs vesting over three years, plus an additional equity grant valued at about $275,000 in 11,584 time-based RSUs vesting over three years.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

CFO base salary: $345,000 per year CFO target bonus: up to $150,000 CFO February equity grant: about $400,000 +5 more

8 metrics

CFO base salary $345,000 per year Annual base salary for CFO Adam Varon in 2026

CFO target bonus up to $150,000 Potential 2026 annual bonus for CFO Adam Varon

CFO February equity grant about $400,000 Value of February 2026 equity grant to CFO

CFO RSU counts 8,818 performance RSUs; 8,818 time-based RSUs CFO February 2026 grant structure

Additional CFO RSUs 12,637 time-based RSUs Equity grant tied to CFO appointment, vesting over three years

CAO base salary $327,000 per year Annual base salary for CAO Karel Krulich in 2026

CAO February equity grant about $375,000 Value of February 2026 equity grant to CAO

Additional CAO RSUs 11,584 time-based RSUs Equity grant tied to CAO appointment, vesting over three years

Key Terms

performance based restricted stock units, time based restricted stock ("RSUs"), Chief Financial Officer, Chief Accounting Officer, +2 more

6 terms

performance based restricted stock units financial

"consisting of 8,818 performance based restricted stock units, 50% of which become eligible to vest"

Performance-based restricted stock units are a form of employee pay where shares are promised but only delivered if the company meets specific performance targets over time. Like a trophy awarded to a team after hitting certain goals, they align employee incentives with business results and can affect future share counts and earnings—so investors watch them for signals about management’s motivation, potential dilution, and the likelihood of meeting growth or profit targets.

time based restricted stock ("RSUs") financial

"and 8,818 time based restricted stock ("RSUs") that will vest in 5 tranches"

Chief Financial Officer financial

"appointed Adam Varon (61), as Chief Financial Officer of the Company"

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

Chief Accounting Officer financial

"appointed Karel Krulich (50), as Chief Accounting Officer of the Company"

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

annual bonus financial

"will be eligible to receive an annual bonus of up to $150,000 in 2026"

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive changes did Consensus Cloud Solutions (CCSI) announce?

Consensus Cloud Solutions appointed Adam Varon as Chief Financial Officer and Karel Krulich as Chief Accounting Officer, both effective April 1, 2026. These promotions formalize leadership over the company’s finance and accounting functions and are paired with updated cash compensation and equity incentive packages.

What is the new CFO Adam Varon’s compensation at CCSI?

Adam Varon will receive a $345,000 annual base salary and be eligible for up to a $150,000 bonus in 2026. He also received equity awards valued at roughly $700,000, split between performance-based restricted stock units and time-based RSUs vesting over multiple years.

What equity awards did CCSI grant to CFO Adam Varon?

In February 2026, Adam Varon received an equity grant worth about $400,000, including 8,818 performance-based restricted stock units and 8,818 time-based RSUs. In connection with his appointment, he will receive an additional grant worth about $300,000 in 12,637 time-based RSUs vesting over three years.

How is new Chief Accounting Officer Karel Krulich compensated at CCSI?

Karel Krulich will receive a $327,000 annual base salary and be eligible for up to a $100,000 bonus in 2026. He also received equity grants valued at roughly $650,000, combining performance-based restricted stock units and time-based RSUs that vest over three years.

What performance conditions apply to CCSI’s equity awards for Varon and Krulich?

Each executive received performance-based restricted stock units where 50% vest based on achieving specified 2026 financial metrics. The remaining 50% vest in tranches tied to the company’s common stock reaching certain average closing price levels over defined periods, aligning rewards with performance.

Over what period do the time-based RSUs for CCSI’s executives vest?

The time-based restricted stock units granted to both Adam Varon and Karel Krulich vest in five tranches over a three-year period. This structure encourages retention and aligns their long-term incentives with shareholder interests as value is realized gradually over several years.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001866633FALSE00018666332026-04-012026-04-01

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) April 1, 2026

Consensus Cloud Solutions, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-40750

87-1139414

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

700 S. Flower Street, 15th Floor
Los Angeles, California 90017

(Address of principal executive offices) (Zip Code)

(323) 860-9200

(Registrant's telephone number, including area code)

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 (see General Instruction A.2. below):

☐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, $0.01 par value

CCSI

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 announced, the Company promoted and appointed Adam Varon (61), as Chief Financial Officer of the Company beginning April 1, 2026. Mr. Varon receives an annual base salary of $345,000 and will be eligible to receive an annual bonus of up to $150,000 in 2026. In February 2026, Mr. Varon received an equity grant valued at approximately $400,000, consisting of 8,818 performance based restricted stock units, 50% of which become eligible to vest over 3 years based on the Company achieving certain financial metrics in 2026 and the remaining 50% of which become eligible to vest in 3 tranches based on the closing market value of the Company’s common stock reaching a certain average value over a certain period of time; and 8,818 time based restricted stock (“RSUs”) that will vest in 5 tranches over a 3 year period. In connection with this appointment, Mr. Varon will receive an additional equity grant with a value of approximately $300,000 consisting of 12,637 time based restricted stock (“RSUs”) that will vest in 5 tranches over a 3 year period.

Also as previously announced, the Company promoted and appointed Karel Krulich (50), as Chief Accounting Officer of the Company beginning April 1, 2026. Mr. Krulich receives an annual base salary of $327,000 and will be eligible to receive an annual bonus of up to $100,000 in 2026. In February 2026, Mr. Krulich received an equity grant valued at approximately $375,000, consisting of 8,267 performance based restricted stock units, 50% of which become eligible to vest over 3 years based on the Company achieving certain financial metrics in 2026 and the remaining 50% of which become eligible to vest in 3 tranches based on the closing market value of the Company’s common stock reaching a certain average value over a certain period of time; and 8,267 time based restricted stock (“RSUs”) that will vest in 5 tranches over a 3 year period. In connection with this appointment, Mr. Krulich will receive an additional equity grant with a value of approximately $275,000 consisting of 11,584 time based restricted stock (“RSUs”) that will vest in 5 tranches over a 3 year period.

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.

Consensus Cloud Solutions, Inc. (Registrant)

Date:

April 1, 2026

By:

/s/ Vithya Aubee

Vithya Aubee Vice President and Secretary

Filing Exhibits & Attachments

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