SurgePays enters new CEO employment agreement with $750k base, $870k bonus, and performance-based equity grants

SurgePays, Inc.

CEO Kevin Brian Cox's employment extended through Dec 31, 2028; base salary $750,000/yr with 3% annual increase.
Annual cash bonus of $870,000; beginning Mar 1, 2024, CEO receives 500,000 vested restricted shares per year for min 5 years.
Performance equity grants tied to revenue, EBITDA, and market cap milestones; e.g., $250M rev triggers $6.25M in equity, $1B rev triggers $50M.
Prior employment agreement of May 13, 2022 cancelled and superseded.
Severance on termination without cause: greater of 2 years' base + prior year bonus or base through remaining initial term.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.