0001213900-26-041185
SEC filingSpringBig Holdings, Inc. entered into a definitive employment agreement with CEO Jaret Christopher and approved new compensation arrangements for an independent director and other executives, formalizing leadership terms and retention incentives.
The filing formalizes the employment terms for CEO Jaret Christopher, replacing a prior offer letter with a definitive agreement that provides stability through a three-year initial term with automatic renewals. The compensation structure aligns with the previously disclosed offer letter, maintaining the $450,000 base salary and 50% target bonus. A significant equity grant of over 12.8 million restricted shares was made, with a substantial portion (approximately 8.3 million shares) vesting immediately, indicating a strong retention incentive. The agreement details severance protections, including salary continuation for a year in the event of a termination without cause, and enhanced benefits if such a termination occurs in connection with a Change in Control. Separately, the company approved compensation for independent director Larry Ellis, including a sizable RSU award and a monthly cash retainer, and established retention bonus arrangements for CFO Jason Moos and COO James Cabral, both contingent on a Change in Control. These actions collectively solidify the compensation framework for key leadership roles.