{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-116876","form_type":"8-K","ticker":"PHUN","cik":"0001665300","company_name":"Phunware, Inc.","filed_at":"2024-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.157375+00:00","generated_at":"2026-05-30T10:32:18.818178+00:00","sec_items":["3.01","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Phunware CEO Snavely resigns; audit committee shortfall triggers Nasdaq non-compliance","bullets":["CEO Michael Snavely resigned Oct 22, 2024; Steve Chen named interim CEO.","Chen's resignation from audit committee leaves only 2 members, violating Nasdaq Rule 5605.","Snavely receives $262,500 severance (9 months pay) plus health coverage through July 2025.","Chen's interim CEO salary: $325k base, 50-200% target bonus, plus future option grant.","Company is evaluating options to regain compliance but can give no assurance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-116876","json":"https://secwatch.observer/filing/0000950170-24-116876.json","markdown":"https://secwatch.observer/filing/0000950170-24-116876.md","text":"https://secwatch.observer/filing/0000950170-24-116876.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1665300/000095017024116876/0000950170-24-116876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1665300/000095017024116876/phun-20241022.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T10:32:18.818178+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5af57f83b2","claim":"Stephen Chen resigned as Chairperson of the Board at Phunware, Inc..","evidence_excerpt":"effective October 22, 2024, Mr. Chen resigned as Chairperson of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000095017024116876/0000950170-24-116876-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chairperson of the Board"}],"fact_type":"executive_change"},{"claim_id":"ba6386941d","claim":"Stephen Chen was appointed as Interim Chief Executive Officer at Phunware, Inc..","evidence_excerpt":"the Board appointed its Chairperson and Class I director, Stephen Chen, as Interim Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000095017024116876/0000950170-24-116876-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"c003b07b9d","claim":"Michael Snavely resigned as Chief Executive Officer at Phunware, Inc..","evidence_excerpt":"On October 22, 2024, Michael Snavely tendered his resignation as Chief Executive Officer and a member of the Board of Directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000095017024116876/0000950170-24-116876-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}