{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-097147","form_type":"8-K","ticker":"XWEL","cik":"0001410428","company_name":"XWELL, Inc.","filed_at":"2024-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.955294+00:00","generated_at":"2026-05-31T06:12:52.791641+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"XWELL appoints Ezra Ernst as CEO; Scott Milford resigns, to serve as consultant through year-end","bullets":["Scott Milford stepped down as President and CEO effective Sept 4, 2024; will serve as consultant at $31,250/month through Dec 31, 2024, plus $425k severance.","Ezra Ernst appointed President and CEO effective Sept 4, 2024; to join Board on Sept 21, 2024.","Ernst receives $425k base salary, annual bonus up to 100% of base (50/50 cash/RSUs), 30k stock options at $1.86/share, and 30k restricted shares vesting over 3 years.","Ernst previously led XpresCheck and HyperPointe; developed CDC traveler-based genomic surveillance program.","Press release cites strategic leadership change to drive growth, innovation, and return to profitability."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-097147","json":"https://secwatch.observer/filing/0001104659-24-097147.json","markdown":"https://secwatch.observer/filing/0001104659-24-097147.md","text":"https://secwatch.observer/filing/0001104659-24-097147.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/tm2423402d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:12:52.791641+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":"2dd2d661f6","claim":"Scott R. Milford resigned as President and Chief Executive Officer at XWELL, Inc..","evidence_excerpt":"As of the Effective Date, Scott R. Milford’s employment as the Company’s President and Chief Executive Officer ceased","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"2e73392885","claim":"Scott R. Milford resigned as director at XWELL, Inc..","evidence_excerpt":"Mr. Milford has also resigned from the Board, as well as the Board of Directors of XpresTest, Inc., Treat, Inc. and GCG Connect LLC, effective as of September 21, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"65149a8584","claim":"Ezra T. Ernst was appointed as director at XWELL, Inc..","evidence_excerpt":"Effective as of September 21, 2024, Mr. Ernst shall also serve as a director of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"78562f0910","claim":"Ezra T. Ernst was appointed as President and Chief Executive Officer at XWELL, Inc..","evidence_excerpt":"As of the Effective Date, Mr. Ernst shall serve as the Company’s President and Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and 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"}