SpringBig Holdings: Director Departs, New Directors Appointed, CEO/CFO Agreements
Ticker: SBIGW · Form: 8-K · Filed: Sep 10, 2025 · CIK: 1801602
| Field | Detail |
|---|---|
| Company | Springbig Holdings, Inc. (SBIGW) |
| Form Type | 8-K |
| Filed Date | Sep 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-appointments, employment-agreement
TL;DR
SpringBig's board is shuffling with a director leaving and two joining; CEO and CFO got new employment deals.
AI Summary
On September 4, 2025, SpringBig Holdings, Inc. announced the departure of director Michael J. MacNichol. The company also appointed two new directors, David M. Chen and Michael J. MacNichol, to its board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Jeffrey Harris, and Chief Financial Officer, Michael R. Minutello, effective September 4, 2025.
Why It Matters
Changes in board composition and executive employment agreements can signal shifts in company strategy or stability, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes, along with new employment agreements, can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- SpringBig Holdings, Inc. (company) — Registrant
- Michael J. MacNichol (person) — Departing Director and Appointed Director
- David M. Chen (person) — Appointed Director
- Jeffrey Harris (person) — Chief Executive Officer
- Michael R. Minutello (person) — Chief Financial Officer
- September 4, 2025 (date) — Effective date of changes
FAQ
Who has departed from the SpringBig Holdings, Inc. board of directors?
Michael J. MacNichol has departed from the board of directors of SpringBig Holdings, Inc.
Who has been appointed as new directors to the SpringBig Holdings, Inc. board?
David M. Chen and Michael J. MacNichol have been appointed as new directors to the board of SpringBig Holdings, Inc.
When were the changes to the board of directors and executive employment agreements effective?
The changes were effective as of September 4, 2025.
What positions do Jeffrey Harris and Michael R. Minutello hold within SpringBig Holdings, Inc.?
Jeffrey Harris is the Chief Executive Officer and Michael R. Minutello is the Chief Financial Officer of SpringBig Holdings, Inc.
What is the primary purpose of this Form 8-K filing for SpringBig Holdings, Inc.?
This Form 8-K filing reports the departure of a director, the election of new directors, and the entry into new employment agreements for certain officers.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2025-09-10 16:45:30
Filing Documents
- ea0256816-8k_springbig.htm (8-K) — 20KB
- 0001213900-25-086567.txt ( ) — 177KB
- sbig-20250904_lab.xml (EX-101.LAB) — 33KB
- sbig-20250904_pre.xml (EX-101.PRE) — 22KB
- sbig-20250904.xsd (EX-101.SCH) — 3KB
- ea0256816-8k_springbig_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers. On September 4, 2025 (the "Effective Date"), Sergey Sherman notified the Board of Directors (the "Board") of SpringBig Holdings, Inc. (the "Company") of his resignation as a member of the Board, including its Audit Committee, effective as of the Effective Date. Mr. Sherman's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. As a result of Mr. Sherman's resignation, the Company's Audit Committee will be composed of one member. The Company intends to appoint a new independent director to the Audit Committee as soon as practicable. 1 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SPRINGBIG HOLDINGS, INC. September 10, 2025 By: /s/ Jaret Christopher Name: Jaret Christopher Title: Chief Executive Officer 2