SpringBig Holdings Announces Director Changes and Officer Compensation Adjustments
Ticker: SBIGW · Form: 8-K · Filed: Sep 30, 2025 · CIK: 1801602
| Field | Detail |
|---|---|
| Company | Springbig Holdings, Inc. (SBIGW) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, executive-compensation
TL;DR
SpringBig swapped a director and tweaked exec pay. Keep an eye on the details.
AI Summary
On September 24, 2025, SpringBig Holdings, Inc. reported the departure of director Michael J. DeMarco and the election of new director Jonathan A. DeMarco. The company also announced changes to its compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this initial filing.
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 — Director departures and changes in executive compensation can introduce uncertainty regarding leadership stability and future strategic direction.
Key Players & Entities
- SpringBig Holdings, Inc. (company) — Registrant
- Michael J. DeMarco (person) — Departing Director
- Jonathan A. DeMarco (person) — Newly Elected Director
- September 24, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from the board of directors at SpringBig Holdings, Inc.?
Michael J. DeMarco has departed from the board of directors.
Who has been elected as a new director to SpringBig Holdings, Inc.'s board?
Jonathan A. DeMarco has been elected as a new director.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 24, 2025.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the election of directors and changes to compensatory arrangements of certain officers.
What is the principal executive office address for SpringBig Holdings, Inc.?
The principal executive offices are located at 621 NW 53rd Street, Ste. 340, Boca Raton, Florida, 33487.
Filing Stats: 793 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2025-09-30 17:06:31
Filing Documents
- ea0259599-8k_springbig.htm (8-K) — 23KB
- 0001213900-25-094053.txt ( ) — 181KB
- sbig-20250924.xsd (EX-101.SCH) — 3KB
- sbig-20250924_lab.xml (EX-101.LAB) — 33KB
- sbig-20250924_pre.xml (EX-101.PRE) — 22KB
- ea0259599-8k_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 24, 2025, the Board of Directors (the "Board") of SpringBig Holdings, Inc. (the "Company") appointed Larry Ellis to the Board and to serve on the Audit Committee following the resignation of Sergey Sherman on September 4, 2025. The Board has determined that Mr. Ellis is an independent director and an "audit committee financial expert." Mr. Ellis will serve as a Class III director with a term expiring at the Company's next Annual Meeting of Stockholders. Mr. Ellis was not selected pursuant to any arrangement or understanding between him and any other person. Mr. Ellis, age 48, brings over 20 years of experience advising boards of directors and executive leadership, with a deep focus on clients operating in technology and regulated industries. Mr. Ellis has been a partner at Miller Thomson LLP, a leading national Canadian law firm, since January 2020, and has continued to concentrate on special situations, governance, and operational transitions, including high-impact mandates involving tech companies in regulated verticals such as energy, healthcare, and fintech. Mr. Ellis has acted for dozens of public companies, advising on fiduciary duties, governance frameworks, strategic transactions, operational restructuring, capital markets activity, and litigation management. He is particularly well regarded for guiding companies through periods of uncertainty or industry disruption—especially where regulatory frameworks intersect with innovation. His experience includes supporting boards on risk oversight, compliance strategy, and corporate growth in environments requiring regulatory navigation and technological scaleup. In 2024, Mr. Ellis earned his Executive MBA from the Kellogg School of Management at Northwestern University, where he focused on strategy, finance, and leadership in emerging and reg