---
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"
generated_at: "2026-06-07T04:35:11.566130+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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- Prior employment agreement of May 13, 2022 cancelled and superseded.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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000313
- JSON: https://secwatch.observer/filing/0001493152-24-000313.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000313.txt

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