SurgePays appoints two new directors; Jay Jones resigns board, becomes consultant

SurgePays, Inc.

Director Jay Jones resigned Dec 19, 2022; entered 12-month consulting agreement with $5K/month stock options subject to stockholder approval.
David May resigned from Audit, Compensation, and Nominating committees but remains on the board.
Laurie Weisberg appointed as director and chair of Compensation Committee; Richard Schurfeld appointed as director and chair of Nominating Committee.
New directors and consultant receive monthly stock options valued at $5,000, vesting immediately, under the pending 2022 Incentive Plan.
Indemnification Agreements entered with both new directors.

item 5.02 item 9.01

Executive movements

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Appointed

Richard Schurfeld

Director

SURG · SurgePays, Inc.

Effective: 2022-12-19
Filed: December 23, 2022, 6:59 PM ET

On December 19, 2022, the Company appointed Richard Schurfeld as a member of the Board and to serve as a member of Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee

Appointed

Laurie Weisberg

Director

SURG · SurgePays, Inc.

Effective: 2022-12-19
Filed: December 23, 2022, 6:59 PM ET

On December 19, 2022, the Company appointed Laurie Weisberg as a member of the Board and to serve as a member of the Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee

Departed

Jay Jones

Director

SURG · SurgePays, Inc.

Effective: 2022-12-19
Filed: December 23, 2022, 6:59 PM ET

On December 19, 2022, Jay Jones, a member of the Board of Directors (the “Board”) of SurgePays, Inc. (the “Company”), notified the Company of his resignation as Director, with such resignation to become effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Richard Schurfeld was appointed as Director at SurgePays, Inc..

Action: appointed
Role: Director

Exact text from the filing

On December 19, 2022, the Company appointed Richard Schurfeld as a member of the Board and to serve as a member of Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Laurie Weisberg was appointed as Director at SurgePays, Inc..

Action: appointed
Role: Director

Exact text from the filing

On December 19, 2022, the Company appointed Laurie Weisberg as a member of the Board and to serve as a member of the Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jay Jones resigned as Director at SurgePays, Inc..

Action: resigned
Role: Director

Exact text from the filing

On December 19, 2022, Jay Jones, a member of the Board of Directors (the “Board”) of SurgePays, Inc. (the “Company”), notified the Company of his resignation as Director, with such resignation to become effective immediately.

View on SEC.gov

SurgePays, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-036469

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