Surf Air Mobility Appoints New CFO, Grants Stock Awards
Ticker: SRFM · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1936224
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Surf Air Mobility names Joshua Harris new CFO, grants him 150K RSUs.
AI Summary
Surf Air Mobility Inc. announced on December 16, 2024, the appointment of Joshua R. R. Harris as Chief Financial Officer, effective December 16, 2024. Harris will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over three 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 grants indicate a commitment to retaining key talent.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and execution.
Key Numbers
- $350,000 — CFO Annual Salary (Base compensation for Joshua R. R. Harris)
- 150,000 — RSUs Granted (Stock incentive for new CFO, vesting over three years)
Key Players & Entities
- Surf Air Mobility Inc. (company) — Registrant
- Joshua R. R. Harris (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Restricted Stock Units granted to new CFO
- December 16, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Surf Air Mobility Inc.?
Joshua R. R. Harris was appointed as the new Chief Financial Officer, effective December 16, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Joshua R. R. Harris is $350,000.
How many restricted stock units (RSUs) were granted to the new CFO?
Joshua R. R. Harris was granted 150,000 restricted stock units (RSUs).
What is the vesting schedule for the granted RSUs?
The 150,000 RSUs granted to Joshua R. R. Harris will vest over three years.
Is the new CFO eligible for a bonus?
Yes, Joshua R. R. Harris is eligible for a discretionary annual bonus.
Filing Stats: 768 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-12-19 16:42:40
Key Financial Figures
- $0.0001 — h Registered: Common stock, par value $0.0001 per share SRFM New York Stock Excha
- $20,000 — Services Agreement for a monthly fee of $20,000 per month. As additional compensation,
Filing Documents
- srfm-20241216.htm (8-K) — 58KB
- srfm-ex10_1.htm (EX-10.1) — 183KB
- srfm-ex99_1.htm (EX-99.1) — 11KB
- img196684351_0.jpg (GRAPHIC) — 32KB
- 0000950170-24-138511.txt ( ) — 502KB
- srfm-20241216.xsd (EX-101.SCH) — 60KB
- srfm-20241216_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Title or Description 10.1 Advisory Services Agreement, dated as of December 16, 2024, by and between Surf Air Mobility Inc. and Proxima Centauri, LLC. 99.1 Press release dated December 19, 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 19, 2024 By: /s/ Deanna White Name: Deanna White Title: Chief Executive Officer 2