---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035324"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:37:31.364449+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-035324
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.08, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828023035324/0001628280-23-035324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828023035324/phun-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035324
- JSON: https://secwatch.observer/filing/0001628280-23-035324.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035324.txt

## Key facts
- Executive change
  Michael Snavely was appointed as Chief Executive Officer at Phunware, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 25, 2023, the Board appointed the Company's Chief Revenue Officer, Mr. Michael Snavely, age 55, as Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023035324/0001628280-23-035324-index.htm
- Executive change
  Russell Buyse resigned as Director at Phunware, Inc..
  - Action: resigned
  - Role: Director
  source text: Also, effective October 26, 2023, Mr. Buyse resigned as a member of our Board of Directors (the "Board").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023035324/0001628280-23-035324-index.htm
- Executive change
  Russell Buyse was terminated as Chief Executive Officer at Phunware, Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: The Separation Agreement provides that Mr. Buyse's employment with the Company terminated effective October 25, 2023 (the "Separation Date").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023035324/0001628280-23-035324-index.htm

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