Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 13, 2025, the Board of Directors (the "Board") of SeaStar Medical Holding Corporation (the "Company") terminated the employment of David Green, the Company's Chief Financial Officer and Treasurer effective August 14, 2025. Because the termination was without "Cause" (as such term is defined in his employment agreement), subject to the Company and Mr. Green entering into a mutually agreeable separation and release agreement, the Company expects to (i) pay continued base salary of approximately $300,000 in termination payments to Mr. Green over 12 months; (ii) if timely elected, pay for coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, or COBRA, for up to 18 months; and (iii) accelerate the vesting of unvested restricted stock units granted to Mr. Green, each in accordance with his employment agreement.

On August 19, 2025, the Board appointed Eric Schlorff, the Company's Chief Executive Officer, as the Company's principal financial officer, interim Chief Financial Officer and Treasurer, while the Company conducts a search for a permanent replacement. In addition, on August 19, 2025, the Board appointed Bradford Towne, the Company's Controller, as the Company's principal accounting officer.

Mr. Towne, age 48, has served as the Controller of SeaStar since February 2024. Prior to joining the Company, Mr. Towne was self-employed providing consulting and accounting services from May 2023 to February 2024, served as Chief Accounting Officer of JAL Equity, an owner and operator of marketing, printing, signage, promotion and e-Commerce businesses, from August 2022 to May 2023, served as Corporate Controller of Aytu BioPharma, Inc., a Nasdaq listed specialty pharmaceutical company, from June 2019 to February 2022, and served as Chief Accounting Officer of Gevo, Inc., a Nasdaq listed renewable fuels company, from January 2018 through June 2019. Mr. Towne spent 10 years in the audit practice at KPMG, LLP. Mr. Towne earned a Bachelor of Science from the University of Arizona and is an active Certified Public Accountant.