Phunware appoints Mike Snavely as new CEO; Russ Buyse transitions to consultant role

Phunware, Inc.

Russ Buyse terminated as CEO effective Oct 25, 2023; will consult for $40k through Dec 15, 2023, with accelerated vesting of 1M RSUs.
Mike Snavely, former CRO, appointed CEO; receives $350k salary, $10k sign-on bonus, and RSU grants including 500k immediate vest.
Board member Kathy Tan Mayor resigned effective Oct 26, 2023; Ryan Costello and Rahul Mewawalla appointed to committees.
Company announces expanded vision to monetize IP including AI, and strengthen distribution partnerships with Cox Business and Siemens Connect.
Q3 2023 earnings call expected in November 2023 prior to 10-Q filing deadline.

item 5.02 item 5.08 item 7.01 item 9.01

Executive movements

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

Appointed

Michael Snavely

Chief Executive Officer

PHUN · Phunware, Inc.

Effective: 2023-10-25
Filed: October 26, 2023, 7:59 PM ET

On October 25, 2023, the Board appointed the Company's Chief Revenue Officer, Mr. Michael Snavely, age 55, as Chief Executive Officer.

Departed

Russell Buyse

Director

PHUN · Phunware, Inc.

Effective: 2023-10-26
Filed: October 26, 2023, 7:59 PM ET

Also, effective October 26, 2023, Mr. Buyse resigned as a member of our Board of Directors (the "Board").

Departed

Russell Buyse

Chief Executive Officer

PHUN · Phunware, Inc.

Effective: 2023-10-25
Successor: Michael Snavely
Filed: October 26, 2023, 7:59 PM ET

The Separation Agreement provides that Mr. Buyse's employment with the Company terminated effective October 25, 2023 (the "Separation Date").

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Snavely was appointed as Chief Executive Officer at Phunware, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On October 25, 2023, the Board appointed the Company's Chief Revenue Officer, Mr. Michael Snavely, age 55, as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Russell Buyse resigned as Director at Phunware, Inc..

Action: resigned
Role: Director

Exact text from the filing

Also, effective October 26, 2023, Mr. Buyse resigned as a member of our Board of Directors (the "Board").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Russell Buyse was terminated as Chief Executive Officer at Phunware, Inc..

Action: terminated
Role: Chief Executive Officer

Exact text from the filing

The Separation Agreement provides that Mr. Buyse's employment with the Company terminated effective October 25, 2023 (the "Separation Date").

View on SEC.gov

Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-035324

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