TruGolf exec Christopher Jones resigns; settlement includes $1.44M loan repayment, $500k franchise buyback

TruGolf Holdings, Inc.

Christopher Jones resigned from all officer/director roles effective Sept 22, 2026; receives $100k severance and 12 months COBRA premiums.
Company repays $1.444M Jones loan: 10% ($144.4k) due in 30 days, 90% in 12 months, 12% simple interest.
Company buys back franchise rights for $500k from Jones/Trust: $50k due in 30 days, $450k in 12 months, 12% interest.
Company commits to pay $654,604 to Trust by Sept 30, 2026 for two notes ($650k principal + $4,604 interest).
Jay Heller appointed independent director; former Head of Capital Markets at Nasdaq (2012-2026), CEO of K Lab AI.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jay Heller

Independent Director

TRUG · TruGolf Holdings, Inc.

Effective: 2026-09-22
Filed: September 24, 2026, 6:05 AM ET

On September 22, 2026, the Board agreed to appoint Jay Heller as an independent member of the Company’s Board.

Departed

Christopher Jones

Other Named Officer

TRUG · TruGolf Holdings, Inc.

Effective: 2026-09-22
Filed: September 24, 2026, 6:05 AM ET

On September 22, 2026, Christopher Jones voluntarily resigned from all employment and from all officer, director, and committee positions with the Company and each of its subsidiaries, effective as of such date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Heller was appointed as Independent Director at TruGolf Holdings, Inc..

Action: appointed
Role: Independent Director

Exact text from the filing

On September 22, 2026, the Board agreed to appoint Jay Heller as an independent member of the Company’s Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Jones resigned as other_named_officer at TruGolf Holdings, Inc..

Action: resigned

Exact text from the filing

On September 22, 2026, Christopher Jones voluntarily resigned from all employment and from all officer, director, and committee positions with the Company and each of its subsidiaries, effective as of such date.

View on SEC.gov

TruGolf Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-044019

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