IDEX said Senior Vice President and Chief Financial Officer Abhishek Khandelwal notified the company on May 19, 2025 that he would resign effective May 30, 2025 to pursue a new professional opportunity.

1. 01

   IDEX said Senior Vice President and Chief Financial Officer Abhishek Khandelwal notified the company on May 19, 2025 that he would resign effective May 30, 2025 to pursue a new professional opportunity.

2. 02

   The company said his departure is not the result of any disagreement with its independent auditors or management on accounting principles or practices, financial statement disclosure, or internal controls. It also said it has retained an external search firm to identify candidates for the chief financial officer role.

3. 03

   The company said it appointed Akhil Mahendra (44) as interim Chief Financial Officer, effective May 30, 2025, and that he will hold the position until a successor is appointed while also continuing to serve as Vice President, Corporate Development. The appointment was made on May 20, 2025.

4. 04

   IDEX said its Compensation Committee approved a restricted stock award for Akhil Mahendra with a grant date fair value of $500,000 in connection with his appointment. The company said the award will cliff vest 3 years after the grant date.

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