SpringBig Holdings (SBIG) director resigns as board pay detailed
Rhea-AI Filing Summary
SpringBig Holdings, Inc. disclosed that on July 31, 2026, Larry Ellis resigned from its Board of Directors. The company states that his resignation was not due to any disagreement regarding operations, policies, or practices.
On August 1, 2026, the Board approved cash compensation for continuing directors of $5,000 upon appointment and $2,500 per month beginning in August 2026.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director resignation date: July 31, 2026
Board appointment cash fee: $5,000
Monthly board cash fee: $2,500
+1 more
4 metrics
Director resignation date
July 31, 2026
Date Larry Ellis resigned from the Board of Directors
Board appointment cash fee
$5,000
Cash compensation upon appointment to the Board for continuing members
Monthly board cash fee
$2,500
Monthly cash compensation for continuing Board members beginning August 2026
Compensation approval date
August 1, 2026
Date the Board approved the new director cash compensation
Key Terms
Emerging growth company, Board of Directors, Compensatory Arrangements
3 terms
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Board of Directors financial
"Larry Ellis resigned as a member of the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Compensatory Arrangements financial
"Appointment of Certain Officers; Compensatory Arrangements of Certain Officers"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What director change did SpringBig Holdings (SBIG) disclose?
SpringBig Holdings disclosed that Larry Ellis resigned from its Board of Directors on July 31, 2026. The company stated his resignation was not due to any disagreement about its operations, policies, or practices, indicating no underlying dispute was reported.
Did Larry Ellis resign from SpringBig (SBIG) over a disagreement?
No. SpringBig Holdings stated that Larry Ellis’s July 31, 2026 resignation was not due to any disagreement with the company or its Board. The disclosure specifically notes there were no issues related to operations, policies, or practices behind his departure.
What new board compensation did SpringBig (SBIG) approve?
SpringBig Holdings’ Board approved cash compensation of $5,000 upon appointment and $2,500 per month for continuing directors. The monthly payments begin in August 2026, providing an ongoing cash retainer in addition to the initial appointment fee.
When does the new SpringBig (SBIG) board pay structure begin?
The new board compensation structure begins in August 2026, following its approval on August 1, 2026. Continuing directors receive a $5,000 cash payment on appointment and a recurring $2,500 monthly cash fee from that month onward.
Who signed the SpringBig (SBIG) disclosure about the director resignation?
The disclosure was signed on behalf of SpringBig Holdings by Andrew Glashow, the company’s Chief Executive Officer. His signature confirms the company’s authorization of the reported director resignation and the new cash compensation arrangements for continuing board members.