---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-23-000066"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:32:25.031408+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# WM Technology director resigns, exec chair gets $1.02M salary; Nasdaq compliance regained

## Summary
- Director Justin Hartfield resigned from board and Technology Committee effective Aug 9, 2023, citing no disagreement.
- Executive Chair Douglas Francis entered employment agreement: $1.02M base salary and $700k signing bonus for prior work.
- Nasdaq confirmed company regained compliance with minimum bid price requirement; closing bid price at least $1.00 for 10 consecutive days.

## SEC filing metadata
- accession: 0001779474-23-000066
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000066/0001779474-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000066/maps-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-23-000066
- JSON: https://secwatch.observer/filing/0001779474-23-000066.json
- Plain text: https://secwatch.observer/filing/0001779474-23-000066.txt

## Key facts
- Executive change
  Justin R. Hartfield resigned as member of the board of directors and the Technology Committee at WM TECHNOLOGY, INC..
  - Action: resigned
  - Role: member of the board of directors and the Technology Committee
  source text: On August 9, 2023, Justin R. Hartfield notified WM Technology, Inc. (the “Company”) of his decision to resign as a member of the Company’s board of directors (the “Board”), and the Technology Committee of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000066/0001779474-23-000066-index.htm

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