8-K filed October 9, 2026, 8:33 AM ET ticker TRUG CIK 0001857086

M&A confidence high sentiment neutral materiality 0.75

TruGolf closes Polymath acquisition, issuing 257,494 Class A shares and 136,956 Series C preferred

TruGolf Holdings, Inc.

Polymath Research amalgamated into TruGolf's unit 18141991 Canada Inc. on Oct 8, 2026; Polymath holders received 257,494 Class A shares (19.99% of pre-deal shares) plus 136,956 Series C preferred.
Series C preferred carries $1,000 stated value with conversion price cut from $3.94 to $11.82 per share; conversion blocked until stockholder and Nasdaq approvals, capped at 19.99% ownership.
Concurrent financing: holders exercised Series B warrants for 3,278 Series B preferred shares, paying $2.95M for $3.278M stated value, and received new warrants for 3,000 additional shares.
Series B preferred accrues 10% dividends (12.5% if paid in Class A stock) and converts at $10.00 with a $0.73 floor; price resets lower Oct 19, 2026 after the Sept 29 reverse split.
Natalie Hirsch named CFO/COO at $275,000 salary, up to 50% bonus, 133,000 options; ex-CFO Steven Passey moved to VP-Finance of golf unit; director David Hackett gets $100,000 first-year fee.

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Executive movements

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

Appointed

Natalie Hirsch

Chief Financial Officer and Chief Operating Officer

TRUG · TruGolf Holdings, Inc.

Filed: October 9, 2026, 8:33 AM ET

Natalie Hirsch was appointed to serve as Chief Financial Officer and Chief Operating Officer,

Appointed

David Hackett

Director

TRUG · TruGolf Holdings, Inc.

Filed: October 9, 2026, 8:33 AM ET

David Hackett was appointed to the Company’s Board of Directors effective on such date. In connection with his appointment, the Company and Mr. Hackett entered into an agreement pursuant to which the Company will pay Mr. Hackett a cash fee of $100,000 for his first year of Board service and $75,000 for each year thereafter,

Departed

Humphrey Polanen

Director

TRUG · TruGolf Holdings, Inc.

Filed: October 9, 2026, 8:33 AM ET

Humphrey Polanen resigned from the Company’s Board of Directors effective on such date. Mr. Polanen’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Role change

Steven Passey

Vice President – Finance of the Company’s golf division

TRUG · TruGolf Holdings, Inc.

Successor: Natalie Hirsch
Filed: October 9, 2026, 8:33 AM ET

Steven Passey, the Company’s former Chief Financial Officer, was appointed to serve as the Company’s Vice President – Finance of the Company’s golf division.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Natalie Hirsch was appointed as Chief Financial Officer and Chief Operating Officer at TruGolf Holdings, Inc..

Action: appointed
Role: Chief Financial Officer and Chief Operating Officer

Exact text from the filing

Natalie Hirsch was appointed to serve as Chief Financial Officer and Chief Operating Officer,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Hackett was appointed as Director at TruGolf Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

David Hackett was appointed to the Company’s Board of Directors effective on such date. In connection with his appointment, the Company and Mr. Hackett entered into an agreement pursuant to which the Company will pay Mr. Hackett a cash fee of $100,000 for his first year of Board service and $75,000 for each year thereafter,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Humphrey Polanen resigned as Director at TruGolf Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

Humphrey Polanen resigned from the Company’s Board of Directors effective on such date. Mr. Polanen’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

Steven Passey was appointed as Vice President – Finance of the Company’s golf division at TruGolf Holdings, Inc..

Action: appointed
Role: Vice President – Finance of the Company’s golf division

Exact text from the filing

Steven Passey, the Company’s former Chief Financial Officer, was appointed to serve as the Company’s Vice President – Finance of the Company’s golf division.

View on SEC.gov

TruGolf Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-046435

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