---
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"
generated_at: "2026-05-31T06:12:52.791641+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XWELL appoints Ezra Ernst as CEO; Scott Milford resigns, to serve as consultant through year-end

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-097147
- JSON: https://secwatch.observer/filing/0001104659-24-097147.json
- Plain text: https://secwatch.observer/filing/0001104659-24-097147.txt

## Key facts
- Executive change
  Scott R. Milford resigned as President and Chief Executive Officer at XWELL, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: As of the Effective Date, Scott R. Milford’s employment as the Company’s President and Chief Executive Officer ceased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm
- Executive change
  Scott R. Milford resigned as director at XWELL, Inc..
  - Action: resigned
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm
- Executive change
  Ezra T. Ernst was appointed as director at XWELL, Inc..
  - Action: appointed
  - Role: director
  source text: Effective as of September 21, 2024, Mr. Ernst shall also serve as a director of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm
- Executive change
  Ezra T. Ernst was appointed as President and Chief Executive Officer at XWELL, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: As of the Effective Date, Mr. Ernst shall serve as the Company’s President and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465924097147/0001104659-24-097147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.