Founder returns as MIND CTI (MNDO) interim CEO in leadership reshuffle

Rhea-AI Filing Summary

MIND C.T.I. Ltd. announced a leadership transition, with founder and former CEO Monica Iancu appointed Interim Chief Executive Officer effective July 1, 2026, following the resignation of CEO Ariel Glassner.

In addition, independent director Orly Sorokin will leave the board to become Chief Business Officer effective August 1, 2026, leading strategic growth initiatives and commercial development. Both leaders emphasize continuity, customer relationships and long-term value creation during this transition.

Insights

Corporate governance analyst

Founder returns as interim CEO after leadership change, signaling continuity but also transition risk.

MIND C.T.I. is shifting leadership as CEO Ariel Glassner resigns and founder Monica Iancu returns as Interim CEO. Founder-led interim appointments often emphasize stability and institutional knowledge while the board evaluates longer-term leadership options.

Board member Orly Sorokin will move into an executive role as Chief Business Officer, focusing on growth and commercial activity. This consolidates strategic responsibility among experienced insiders, but investors will depend on future disclosures to understand the longer-term CEO succession plan and any strategic shifts.

Key Figures

Interim CEO effective date: July 1, 2026 Chief Business Officer effective date: August 1, 2026 Industry experience duration: over thirty years

3 metrics

Interim CEO effective date July 1, 2026 Monica Iancu appointed Interim Chief Executive Officer

Chief Business Officer effective date August 1, 2026 Orly Sorokin joins management from the board

Industry experience duration over thirty years MIND CTI experience providing solutions to carriers and enterprises

Key Terms

Interim Chief Executive Officer, Chief Business Officer, forward-looking statements, Private Securities Litigation Reform Act of 1995, +1 more

5 terms

Interim Chief Executive Officer financial

"appointed Ms. Monica Iancu, the Company’s founder and former CEO, as Interim Chief Executive Officer"

Chief Business Officer financial

"will step down from the Board and join MIND as Chief Business Officer effective August 1, 2026"

A chief business officer (CBO) is the executive responsible for a company's commercial strategy, partnerships, licensing, and business development—essentially the leader who turns technology or products into paying customers and deals. Investors care because the CBO's choices about partnerships, pricing, market entry and revenue models directly influence how fast a company grows and how much future cash flow or value it can deliver; think of the CBO as the company's head coach for winning business and income.

forward-looking statements regulatory

"All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements,""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995"

business optimization initiative financial

"expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions"

Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

F O R M 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of May, 2026
Commission File Number: 000-31215

MIND C.T.I. LTD.

(Translation of registrant's name into English)

2 HaCarmel St., Yoqneam Illit 2066724, Israel

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F ☒     Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): N/A

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): N/A

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes ☐     No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

INCORPORATION BY REFERENCE

The Registrant's GAAP financial statements attached to the press release in Exhibit 1 to this Report on Form 6-K are hereby incorporated by reference into: (i) the Registrant's Registration Statement on Form S-8, Registration No. 333-181383; (ii) the Registrant's Registration Statement on Form S-8, Registration No. 333-117054; (iii) the Registrant's Registration Statement on Form S-8, Registration No. 333-100804; and (iv) the Registrant's Registration Statement on Form S-8, Registration No. 333-54632.

CONTENTS

This report on Form 6-K of the registrant consists of the following Exhibit, which is attached hereto and incorporated by reference herein:

MIND CTI Announces Appointment of Monica Iancu as Interim Chief Executive Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 26, 2026 By Order of the Board of Directors,
/s/ Ariel Glassner
Title: Ariel Glassner
Chief Executive Officer

EXHIBIT INDEX

Exhibit Number 

1.
Description of Exhibit
MIND CTI Announces Appointment of Monica Iancu as Interim Chief Executive Officer

Exhibit 1

MIND CTI Announces Appointment of Monica Iancu as Interim Chief Executive Officer

Yoqneam, Israel, May 26, 2026 MIND C.T.I. LTD. – (NasdaqGM: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers, unified communications (UC) analytics for enterprises as well as enterprise messaging solutions, today announced leadership appointments.

Following the resignation of its Chief Executive Officer, Mr. Ariel Glassner, MIND’s Board of Directors has appointed Ms. Monica Iancu, the Company’s founder and former CEO, as Interim CEO effective July 1, 2026. The Board would like to thank Ariel for his contribution.

In addition, Ms. Orly Sorokin, currently an independent member of the Board, will step down from the Board and join MIND as Chief Business Officer effective August 1, 2026. Ms. Sorokin will lead strategic growth initiatives, business operations, and commercial development activities. She previously held various roles at IBM, spanning across sales, emerging technologies, and business initiatives. From 2000 to 2011, she held sales and business development positions at MIND.

Monica Iancu commented: “MIND has always been built on strong customer relationships, operational discipline and an exceptional team. I am committed to leading the Company through this transition while continuing to serve our customers and build for the future.”

Regarding Sorokin’s appointment, Ms. Iancu added: “Orly brings strong deal-making and business development experience, deep industry knowledge, and proven business leadership, along with a forward-looking approach that will support our growth initiatives and help identify new opportunities.”

Orly Sorokin commented: “Returning to MIND feels like coming home. MIND has a strong foundation, trusted customer relationships and talented employees. I look forward to working with Monica and the team to drive innovation, growth and long-term value creation.”

About MIND

MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over thirty years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States.

Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements," expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information.

For more information please contact:

Janice Kaye

MIND C.T.I. Ltd.

Tel: +972-4-993-6666

investor@mindcti.com

FAQ

What leadership changes did MIND CTI (MNDO) announce in this Form 6-K?

MIND CTI announced that founder and former CEO Monica Iancu will become Interim Chief Executive Officer effective July 1, 2026. Current CEO Ariel Glassner resigned, and independent director Orly Sorokin will become Chief Business Officer effective August 1, 2026.

Who is Monica Iancu and what is her new role at MIND CTI (MNDO)?

Monica Iancu is the founder and former CEO of MIND CTI. She has been appointed Interim Chief Executive Officer effective July 1, 2026, returning to lead the company through a transition focused on customer relationships, operational discipline and future growth.

What position will Orly Sorokin hold at MIND CTI (MNDO) after the changes?

Orly Sorokin, currently an independent board member, will step down from the board to become Chief Business Officer effective August 1, 2026. She will lead strategic growth initiatives, business operations and commercial development activities at MIND CTI worldwide.

When do the new leadership appointments at MIND CTI (MNDO) take effect?

Monica Iancu becomes Interim CEO effective July 1, 2026, following the resignation of CEO Ariel Glassner. Orly Sorokin assumes the Chief Business Officer role effective August 1, 2026, after stepping down from her position as an independent director.

What experience does Orly Sorokin bring to her new role at MIND CTI (MNDO)?

Orly Sorokin previously held various roles at IBM across sales, emerging technologies and business initiatives. From 2000 to 2011 she worked in sales and business development at MIND, bringing deep industry knowledge and deal-making experience to the Chief Business Officer role.

How does MIND CTI (MNDO) describe its business in this filing?

MIND CTI describes itself as a leading provider of convergent end-to-end billing and customer care solutions, unified communications analytics and enterprise messaging. It serves wireless, wireline, cable, IP and quad-play carriers, operating from offices in Israel, Romania, Germany and the United States.

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