UTStarcom (UTSI) shifts CFO role and appoints new finance leader
Rhea-AI Filing Summary
UTStarcom Holdings Corp. reported finance leadership changes. Mr. Dan Xie will leave his role as Chief Financial Officer effective August 21, 2026 and will become Vice President overseeing operations in India and Japan. Mr. Ying Kang joined as Assistant Vice President of Finance effective August 13, 2026, reporting directly to the CEO and assuming full oversight of the Finance Department from August 21, 2026. The board of directors approved these changes on August 11, 2026. Ying Kang has nearly 20 years of professional experience, including senior SOX project management and internal audit roles at U.S.-listed companies, and holds China CPA and Certified Internal Auditor qualifications.
Positive
- None.
Negative
- CFO transition in finance leadership: The Chief Financial Officer role will change on August 21, 2026, which can introduce short-term uncertainty in financial oversight despite the outgoing CFO remaining with the company in an operational role.
Key Figures
Form Type: Form 6-K
CFO role end date: August 21, 2026
Finance AVP start date: August 13, 2026
+3 more
6 metrics
Form Type
Form 6-K
Report of foreign private issuer for August 2026
CFO role end date
August 21, 2026
Effective date when Dan Xie will no longer serve as CFO
Finance AVP start date
August 13, 2026
Effective date when Ying Kang joined as Assistant Vice President of Finance
Board approval date
August 11, 2026
Date the board of directors approved the leadership changes
Professional experience of Ying Kang
Nearly 20 years
Stated years of professional experience in finance-related roles
Master’s degree year
2006
Year Ying Kang received his Master’s Degree from Shanghai Jiao Tong University
Key Terms
foreign private issuer, Form 20-F, Rule 13a-16, SOX Project Manager, +1 more
5 terms
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Form 20-F regulatory
"whether the registrant files or will file annual reports under cover of Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
Rule 13a-16 regulatory
"PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT"
SOX Project Manager financial
"He previously held various Senior SOX Project Manager and internal audit positions"
Certified Internal Auditor financial
"holds the China Certified Public Accountant and Certified Internal Auditor (CIA) certificate"
A Certified Internal Auditor (CIA) is a professional who has passed a standardized exam and met experience rules to evaluate a company’s internal controls, risk management and compliance processes. Think of a CIA as an independent safety inspector inside a business whose job is to spot weak spots that could lead to errors, fraud or regulatory trouble—information investors use to judge the reliability and integrity of a company’s financial reporting and governance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What finance leadership changes did UTStarcom (UTSI) announce?
UTStarcom announced that Dan Xie will step down as Chief Financial Officer on August 21, 2026. He will become Vice President overseeing India and Japan operations, while Ying Kang assumes full oversight of the Finance Department.
When will the CFO transition at UTStarcom (UTSI) take effect?
The CFO transition takes effect on August 21, 2026. On that date, Dan Xie ceases to serve as CFO and Ying Kang, Assistant Vice President of Finance, will take full oversight of the Finance Department, reporting directly to the CEO.
What new role will former CFO Dan Xie hold at UTStarcom (UTSI)?
After August 21, 2026, Dan Xie will serve as Vice President overseeing UTStarcom’s India and Japan operations. He will no longer act as Chief Financial Officer but will remain in a senior operational leadership position within the company.
Who is Ying Kang and what is his role at UTStarcom (UTSI)?
Ying Kang joined UTStarcom as Assistant Vice President of Finance effective August 13, 2026. He reports directly to the CEO and will assume full oversight of the Finance Department from August 21, 2026, replacing the outgoing CFO’s finance leadership duties.
What experience does Ying Kang bring to UTStarcom (UTSI)?
Ying Kang has nearly 20 years of professional experience, including senior SOX project manager and internal audit roles at U.S.-listed companies. He holds a Master’s Degree from Shanghai Jiao Tong University and China CPA and Certified Internal Auditor credentials.
Did UTStarcom’s board approve the finance leadership changes for UTSI?
Yes. UTStarcom’s board of directors approved the finance leadership changes on August 11, 2026. This approval covers the transition of Dan Xie from CFO to Vice President and the assumption of finance oversight by Ying Kang.