secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001213900-25-005587
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SpringBig CEO and CFO to depart; board initiates search for replacements
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- CEO Jeffrey Harris to separate by latest of March 31, 2025, annual meeting, or 10-K filing; will receive $450k salary through separation, 250k RSUs, and gaming commissions.
- CFO Paul Sykes to separate on June 14, 2025; will receive $364k salary through separation, $227.5k bonus, accelerated vesting of 86,667 RSUs, and COBRA contributions.
- Both executives' non-solicitation and non-compete periods extended to 36 months; definition of 'Business of the Company' expanded to include gaming.
- Lead independent director Marc Shiffman spearheading search for new CEO and CFO.
- CEO will continue as board member (non-executive) and serve as consultant for 12 months at $450k fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000121390025005587/0001213900-25-005587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000121390025005587/ea0228216-8k_springbig.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-005587

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