---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-042671"
form_type: "8-K"
ticker: "NTRP"
cik: "0000788611"
company_name: "NextTrip, Inc."
filed_at: "2023-11-24T23:59:59+00:00"
generated_at: "2026-06-07T22:01:04.684122+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sigma Additive CEO to resign upon NextTrip acquisition close; retention bonuses approved for CEO and CFO

## Summary
- CEO Jacob Brunsberg to resign as President and CEO upon NextTrip acquisition closing; receives $204,511 prorated retention bonus.
- Brunsberg also gets $62,500 separation payment (3 months' salary) and equity award of 31,250 shares subject to stockholder approval.
- CFO Frank Orzechowski to remain after close; gets $109,073 prorated retention bonus and $200,000 severance if terminated without cause/for good reason within 18 months.
- If acquisition fails, bonuses only payable if asset sale to Divergent Technologies closes; otherwise agreements void.
- Prior change-in-control agreements for both executives terminated as of November 22, 2023.

## SEC filing metadata
- accession: 0001493152-23-042671
- form_type: 8-K
- ticker: NTRP
- cik: 0000788611
- company_name: NextTrip, Inc.
- filed_at: 2023-11-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788611/000149315223042671/0001493152-23-042671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788611/000149315223042671/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-042671
- JSON: https://secwatch.observer/filing/0001493152-23-042671.json
- Plain text: https://secwatch.observer/filing/0001493152-23-042671.txt

## Key facts
- Executive change
  Jacob Brunsberg resigned as President and Chief Executive Officer at NextTrip, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: Mr. Brunsberg will resign as our President and Chief Executive Officer and as an employee of the Company concurrently with the closing of the acquisition and that William Kerby, the co-founder and Chief Executive Officer of NextTrip, will concurrently be appointed as our Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223042671/0001493152-23-042671-index.htm
- Executive change
  William Kerby was appointed as Chief Executive Officer at NextTrip, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Mr. Brunsberg will resign as our President and Chief Executive Officer and as an employee of the Company concurrently with the closing of the acquisition and that William Kerby, the co-founder and Chief Executive Officer of NextTrip, will concurrently be appointed as our Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788611/000149315223042671/0001493152-23-042671-index.htm

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