Research Reports

Key takeaways

Steven Passey appointed CFO effective May 15, 2026, via Employment Letter dated May 1, 2026.

Initial base salary $225,000 for first three months, then $250,000 annually.

Eligible for annual equity grants under stock incentive plans, as determined by Compensation Committee.

Passey, age 64, brings extensive CFO and controller experience from Blackrock Neurotech, Kinetic Energy Services, Catheter Precision, QSI Holdings, and Alsco.

No family relationships with directors or executives; no disclosable Item 404(a) transactions.

Employment is at-will, reporting to CEO with Audit Committee oversight.

Full analysis

TruGolf Holdings, Inc. has appointed Steven Passey, a 64-year-old finance executive with a proven track record as CFO at multiple companies including Kinetic Energy Services, Catheter Precision, and QSI Holdings, as its new Chief Financial Officer effective May 15, 2026. This appointment is significant for a public company as the CFO oversees SEC reporting, internal controls, financial strategy, and investor relations. Compensation includes a base salary starting at $225,000 and rising to $250,000 after three months, plus potential equity grants subject to Compensation Committee approval. Passey reports to the CEO with direct accountability to the Audit Committee and will be based at the Centerville, Utah office. The at-will employment includes standard confidentiality and IP assignment provisions. No related-party issues or conflicts were disclosed.

TRUG · TruGolf Holdings, Inc.

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