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KonaTel (KTEL) 8-K Filings

KTEL OTC

Here are the 8-K filings from KonaTel Inc (KTEL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

An 8-K covers material events a company has to report between its quarterly reports, so if you follow KTEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KTEL filings page.

Rhea-AI Summary

KonaTel, Inc. transferred 98,600 common shares held of record in the names of 490 shareholders as “Unclaimed Property” to the Texas Comptroller of Public Accounts, Unclaimed Property Division, effective October 30, 2026.

The company intends to file post-effective amendments to three S-8 registration statements withdrawing 5,850,000 unissued shares from the 7,848,120 shares registered under its 2018 ISO Plan, followed by a Form 15 to deregister under the Exchange Act. The plan has 2,176,666 vested shares; their exercise prices are currently all “out of the market.” After withdrawal, future exercises of remaining granted or vested plan shares will result in restricted securities. KonaTel also intends to apply for Alternative Reporting Company status under the OTCID Tier and continue OTC Markets quarterly and annual reporting. It says these actions are intended to save approximately $250,000 in annual legal and auditing costs while it expands CPaaS services; it intends to return to full reporting when its board determines the costs are a prudent use of capital.

Rhea-AI Summary

KonaTel, Inc. (KTEL) reported that Director Robert M. Beaty resigned from its board effective September 30, 2026, after nine years of service. Beaty said in his resignation email that personal reasons left him without time to dedicate to KonaTel. His departure left D. Sean McEwen, the company's CEO and Chairman, as its sole director.

KonaTel states that Delaware law provides for a board of one or more directors, while its bylaws provide for three directors unless the board designates a different number. McEwen designated the board to consist of one director, himself.

Form 8-K
Rhea-AI Summary

KonaTel, Inc. reported that its 51%-owned affiliate IM Telecom, LLC received a July 27, 2026 notice from the FCC alleging violations of Lifeline program rules. IM Telecom has advised KonaTel that it believes it complies with these rules and will respond directly to the FCC.

The company outlined a multiyear restructuring of its interest in IM Telecom, including a January 22, 2024 Membership Interest Purchase Agreement with Excess Telecom, later revised by a September 19, 2025 First Omnibus Amendment to keep IM Telecom as a standalone partnership owned 51% by KonaTel and 49% by Excess Telecom.

KonaTel currently receives regular $16,500 monthly distributions from the IM Telecom partnership, which it anticipates will decrease by about 12% monthly over the next one to two years. Management stated a strategic shift toward Hosted Services operated by wholly owned subsidiary Apeiron Systems, citing higher margins and lower customer churn, and noted its belief, based on legal advice, that IM Telecom’s operations comply with the FCC’s “Intermountain Microwave Test,” while acknowledging that any consequences of the FCC’s action cannot be determined.

Rhea-AI Summary

KonaTel, Inc. reported a sharp downturn for fiscal 2025. Revenue fell to $8,452,885 from $15,503,251 in 2024, as the company shifted focus toward its hosted services platform and cellular-based wholesale POTS replacement offering.

The company swung to a net loss of $2,647,053, compared with net income of $4,801,601 in 2024, when results were boosted by the sale of a 49% interest in IM Telecom. Total assets declined to $2,464,279 and stockholders’ equity dropped to $384,205 as of December 31, 2025.

Management highlighted more than 700 POTS replacement installations through wholesale partners and sees long-lived recurring revenue potential as major carriers retire copper-wire networks and commercial customers migrate to internet and wireless-based solutions.

Form 8-K
Rhea-AI Summary

KonaTel, Inc. reports amendments to its arrangements with Excess Telecom around their joint venture IM Telecom. KonaTel and IM Telecom executed a First Omnibus Amendment and a Third Amended and Restated Operating Agreement in September 2025, while withdrawing the previously filed FCC change-of-control application that would have transferred the remaining 51% of IM Telecom to Excess Telecom. The parties may pursue that final closing at a later date under existing documents.

The new framework centers operations and staffing at IM Telecom under an Annual Plan, with IM Telecom hiring a new CEO and directly employing personnel, bearing all payroll and benefit obligations. KonaTel will receive $700,000 of the original $1,000,000 holdback, in addition to the previously received $150,000, after delivery of amended documents to the FCC, with the remaining $150,000 payable later under the Transaction Documents. Instead of consolidating IM Telecom’s profits, KonaTel will earn Distribution Agreement payments from sales through IM Telecom’s vertical channels, including its healthcare partnership.

Rhea-AI Summary

KonaTel, Inc. reported a management change, formally appointing Paul LaPier as corporate Secretary effective September 19, 2025. LaPier has served as Vice President of Finance and acting Secretary since May 31, 2025, following the end of former Secretary B. Todd Murcer’s consultancy after a November 2024 reduction in force that shifted certain employees, including Murcer, to consultant status. Additional details about LaPier’s background and compensation, as well as Murcer’s status change, are provided by reference to the company’s Annual Report on Form 10-K for the year ended December 31, 2024, which is attached as an exhibit.