---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-001448"
form_type: "8-K/A"
ticker: "FOXO"
cik: "0001812360"
company_name: "FOXO TECHNOLOGIES INC."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:56:55.085866+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FOXO provides termination reasons for CEO Jon Sabes and COO Steven Sabes

## Summary
- Board terminated CEO Jon Sabes after losing confidence; former CPO resigned citing strong disagreement.
- Other senior executives prepared to resign unless Jon Sabes replaced, per Board notes.
- Board terminated COO Steven Sabes for insufficiently fulfilling responsibilities.
- Company reviewing obligations to ex-CEO Jon Sabes under prior employment agreement.

## SEC filing metadata
- accession: 0001213900-23-001448
- form_type: 8-K/A
- ticker: FOXO
- cik: 0001812360
- company_name: FOXO TECHNOLOGIES INC.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812360/000121390023001448/0001213900-23-001448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812360/000121390023001448/ea171372-8ka1_foxotech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-001448
- JSON: https://secwatch.observer/filing/0001213900-23-001448.json
- Plain text: https://secwatch.observer/filing/0001213900-23-001448.txt

## Key facts
- Executive change
  Jon Sabes was terminated as Chief Executive Officer and Chairman at FOXO TECHNOLOGIES INC..
  - Action: terminated
  - Role: Chief Executive Officer and Chairman
  source text: The Board determined to terminate Jon Sabes as Chief Executive Officer and Chairman of the Board because it had lost confidence in his ability to act in an executive officer capacity of the Company following the Company’s business combination with Delwinds Insurance Acquisition Corp., and its increased obligations as a public company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812360/000121390023001448/0001213900-23-001448-index.htm
- Executive change
  Steven Sabes was terminated as Chief Operating Officer at FOXO TECHNOLOGIES INC..
  - Action: terminated
  - Role: Chief Operating Officer
  source text: The Board determined to terminate Steven Sabes as Chief Operating Officer due to the Board’s view that Steven Sabes was not sufficiently fulfilling his responsibilities in such position.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812360/000121390023001448/0001213900-23-001448-index.htm

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