secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0000950170-24-062450
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Mobility appoints Deanna White as Interim CEO and COO; Stan Little remains as advisor
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- Deanna White appointed Interim CEO and COO effective May 15, 2024, replacing Stan Little who stays as advisor through May 2026.
- White's base salary set at $650,000; eligible for annual bonus with target 200% of base salary.
- White granted option to purchase 876,059 shares; vesting hinges on stock price milestones of $3, $5, $7 per share.
- Severance upon qualifying termination: 12 months base salary, COBRA premium payments, and full vesting of equity under change of control.
- Stan Little resigns as CEO but continues as Director, Founder, and Special Advisor through May 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024062450/0000950170-24-062450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024062450/srfm-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-062450

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer