---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-044019"
form_type: "8-K"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2026-09-24T10:05:15+00:00"
generated_at: "2026-09-24T10:10:21.174814+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-044019
- form_type: 8-K
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2026-09-24T10:05:15+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315226044019/0001493152-26-044019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315226044019/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-044019
- JSON: https://secwatch.observer/filing/0001493152-26-044019.json
- Plain text: https://secwatch.observer/filing/0001493152-26-044019.txt

## Key facts
- Executive change
  Jay Heller was appointed as Independent Director at TruGolf Holdings, Inc..
  - Action: appointed
  - Role: Independent Director
  source text: On September 22, 2026, the Board agreed to appoint Jay Heller as an independent member of the Company’s Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315226044019/0001493152-26-044019-index.htm
- Executive change
  Christopher Jones resigned as other_named_officer at TruGolf Holdings, Inc..
  - Action: resigned
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857086/000149315226044019/0001493152-26-044019-index.htm

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