secwatch.observer — SEC 8-K summary
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Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001493152-24-002210
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SurgePays appoints Jeremy Gies as President; base salary $180K with bonus up to $180K
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- Effective Jan 8, 2024, Jeremy Gies promoted to President; previously President of Fintech division.
- Base salary $180K/year, with 6% annual increase possible if EBITDA targets met; cash bonus up to $180K.
- Severance: greater of 2 years' salary+bonus or salary through remaining term, unless terminated for cause.
- Gies to drive sales growth, optimize operations, explore M&A, and expand convenience store network nationwide.
- Over 25 years in telecom/fintech; former COO of Tiercel Wireless, VP at Wave Crest, and CEO of telSPACE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315224002210/0001493152-24-002210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315224002210/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002210

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