07/02/2026 | Press release | Distributed by Public on 07/02/2026 15:10
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.
On June 29, 2026, Jason Moos and SpringBig Holdings, Inc. (the "Company") entered into a Key Employee Retention, Transition, and Resignation Agreement (the "Transition Agreement") pursuant to which Mr. Moos resigned from his position as Chief Financial Officer of the Company, effective June 30, 2026, but will remain employed by the Company through July 11, 2026 and thereafter will provide transition and consulting services for a limited period. Mr. Moos' resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
In connection with his retention, Mr. Moos received a one-time payment of $50,000, and in connection with his ongoing transition and consulting services, he will receive $10,000 per week, including a $37,500 advance of such amounts. The Transition Agreement contains customary provisions, including a general release of claims, confidentiality, non-disparagement, non-solicitation, non-competition, and cooperation obligations.
The foregoing description of the Transition Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Transition Agreement, a copy of which will be filed with the Securities and Exchange Commission.