SpringBig Holdings Announces Director Changes and CEO Compensation
Ticker: SBIGW · Form: 8-K · Filed: Apr 29, 2025 · CIK: 1801602
| Field | Detail |
|---|---|
| Company | Springbig Holdings, Inc. (SBIGW) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, executive-compensation, board-composition
TL;DR
SpringBig swapped a director, added David Chen, and boosted CEO Jeff Harris's pay with stock options.
AI Summary
On April 23, 2025, SpringBig Holdings, Inc. reported the departure of director Michael J. Weisz and the appointment of new director David M. Chen. The company also announced a new compensatory arrangement for its Chief Executive Officer, Jeffrey Harris, involving a salary increase and a grant of stock options. These changes are effective as of April 23, 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- SpringBig Holdings, Inc. (company) — Registrant
- Michael J. Weisz (person) — Departing Director
- David M. Chen (person) — Appointed Director
- Jeffrey Harris (person) — Chief Executive Officer
- April 23, 2025 (date) — Effective date of changes
FAQ
Who has been appointed as a new director to the SpringBig Holdings, Inc. board?
David M. Chen has been appointed as a new director to the SpringBig Holdings, Inc. board.
Who has departed from the SpringBig Holdings, Inc. board of directors?
Michael J. Weisz has departed from the SpringBig Holdings, Inc. board of directors.
What is the effective date of the reported changes at SpringBig Holdings, Inc.?
The reported changes at SpringBig Holdings, Inc. are effective as of April 23, 2025.
What specific compensatory arrangement has been made for the CEO, Jeffrey Harris?
Jeffrey Harris, the CEO, has a new compensatory arrangement that includes a salary increase and a grant of stock options.
What was SpringBig Holdings, Inc.'s former name?
SpringBig Holdings, Inc.'s former name was Tuatara Capital Acquisition Corp.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 29, 2025 by Michael J. Weisz regarding SpringBig Holdings, Inc. (SBIGW).