{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-000313","form_type":"8-K","ticker":"SURG","cik":"0001392694","company_name":"SurgePays, Inc.","filed_at":"2024-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.033888+00:00","generated_at":"2026-06-07T04:35:11.566130+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SurgePays enters new CEO employment agreement with $750k base, $870k bonus, and performance-based equity grants","bullets":["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$250M rev triggers $6.25M in equity, $1B rev triggers $50M.","Prior employment agreement of May 13, 2022 cancelled and superseded.","Severance on termination without cause: greater of 2 years' base + prior year bonus or base through remaining initial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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-000313","json":"https://secwatch.observer/filing/0001493152-24-000313.json","markdown":"https://secwatch.observer/filing/0001493152-24-000313.md","text":"https://secwatch.observer/filing/0001493152-24-000313.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392694/000149315224000313/0001493152-24-000313-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392694/000149315224000313/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:35:11.566130+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}