secwatch.observer — SEC 8-K summary
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Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001493152-26-000830
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SurgePays CFO Evers out; separation agreement provides $250K consulting, COBRA; director Schurfeld resigns
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- CFO Anthony Evers employment ended Dec 31, 2025; entered separation agreement for consulting Jan 1–Jun 30, 2026.
- Evers receives $250,000 in 12 monthly installments of $20,833.33 plus COBRA premium reimbursement through Dec 2026.
- Director Richard Schurfeld resigned Jan 2, 2026 for personal reasons, no disagreement with management/board.
- Director David May appointed to Audit, Compensation, Nominating & Governance Committees; named chair of Nominating & Governance.
- Separation agreement includes standard non-disclosure, non-disparagement, and general release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226000830/0001493152-26-000830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226000830/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-000830

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