Surf Air Mobility Appoints New CFO, Grants Stock Options
Ticker: SRFM · Form: 8-K · Filed: Dec 10, 2024 · CIK: 1936224
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Surf Air Mobility names Joshua Krane CFO, gives him $350k salary + stock options.
AI Summary
Surf Air Mobility Inc. announced on December 4, 2024, the appointment of Joshua Krane as Chief Financial Officer, effective December 10, 2024. Krane will receive an annual base salary of $350,000 and will be eligible for a discretionary annual bonus. He will also be granted 150,000 stock options, vesting over three years, and a restricted stock unit award of 100,000 shares, vesting over two years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The stock options granted indicate a focus on aligning executive compensation with long-term shareholder value.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty, and the stock option grants, while standard, represent potential dilution for existing shareholders.
Key Numbers
- $350,000 — CFO Base Salary (Annual compensation for Joshua Krane)
- 150,000 — Stock Options (Granted to new CFO, vesting over 3 years)
- 100,000 — RSUs (Granted to new CFO, vesting over 2 years)
Key Players & Entities
- Surf Air Mobility Inc. (company) — Registrant
- Joshua Krane (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Stock options granted to new CFO
- 100,000 (dollar_amount) — Restricted stock unit award for new CFO
- December 4, 2024 (date) — Date of announcement
- December 10, 2024 (date) — Effective date of CFO appointment
FAQ
What is Joshua Krane's annual base salary as the new CFO of Surf Air Mobility Inc.?
Joshua Krane's annual base salary is $350,000.
When is Joshua Krane's appointment as CFO effective?
Joshua Krane's appointment as CFO is effective December 10, 2024.
How many stock options were granted to Joshua Krane?
Joshua Krane was granted 150,000 stock options.
What is the vesting schedule for the restricted stock units granted to Joshua Krane?
The 100,000 restricted stock units granted to Joshua Krane vest over two years.
What is the vesting schedule for the stock options granted to Joshua Krane?
The 150,000 stock options granted to Joshua Krane vest over three years.
Filing Stats: 571 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-12-10 08:57:07
Key Financial Figures
- $0.0001 — h Registered: Common stock, par value $0.0001 per share SRFM New York Stock Excha
Filing Documents
- srfm-20241204.htm (8-K) — 56KB
- srfm-ex99_1.htm (EX-99.1) — 13KB
- img196684351_0.jpg (GRAPHIC) — 32KB
- 0000950170-24-134778.txt ( ) — 289KB
- srfm-20241204.xsd (EX-101.SCH) — 60KB
- srfm-20241204_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Title or Description 99.1 Press Release dated December 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. SURF AIR MOBILITY INC. Date: December 10, 2024 By: /s/ Oliver Reeves Name: Oliver Reeves Title: Chief Financial Officer 2