secwatch.observer — SEC 8-K summary
======================================

Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001493152-22-036469
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315222036469/0001493152-22-036469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315222036469/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-036469

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