CEO Jaret Christopher exits SpringBig (SBIG) under Separation Agreement with $50,000 payment

Rhea-AI Filing Summary

SpringBig Holdings, Inc. announced that it entered into a Separation Agreement with Chief Executive Officer and director Jaret Christopher, and his service in both roles concluded effective May 28, 2026. The company states his departure was not due to any disagreement over operations, policies, or practices.

Under the Separation Agreement, Mr. Christopher will receive continuation of his base salary and company-paid COBRA premiums for up to two months, plus an additional cash payment of $50,000, subject to a 30-day review period without rescission and compliance with the agreement. No unvested compensatory awards were accelerated, and the agreement includes a general release of claims and customary confidentiality, non-disparagement, non-solicitation, non-competition, and cooperation obligations.

Positive

• None.

Negative

• Chief Executive Officer and director departure: Jaret Christopher’s service as CEO and director concluded effective May 28, 2026, representing a significant leadership change even though the company states it was not due to disagreements.

Insights

Corporate governance analyst

SpringBig’s CEO exits under a structured separation with standard protections.

The company reports that CEO and director Jaret Christopher’s service ended effective May 28, 2026, under a negotiated Separation Agreement. It explicitly notes the departure was not due to disagreements over operations, policies, or practices, which can help reduce speculation over internal conflict.

The agreement provides two months of base-salary continuation, company-paid COBRA premiums for up to two months, and a one-time $50,000 payment, with no acceleration of unvested awards. In return, the company receives a broad release and restrictive covenants, including non‑competition and non‑solicitation. Overall, this is a notable leadership change, but the economics are modest and structured as a standard executive separation package.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Additional cash payment: $50,000 Salary continuation period: 2 months COBRA premiums coverage: Up to 2 months +3 more

6 metrics

Additional cash payment $50,000 Paid to Jaret Christopher under Separation Agreement

Salary continuation period 2 months Base salary continuation for departing CEO

COBRA premiums coverage Up to 2 months Company-paid COBRA premiums for Jaret Christopher

Review period 30 days Review period for Separation Agreement without rescission

Form type 8-K Disclosure of CEO separation event

Effective date of separation May 28, 2026 Date CEO and director service concluded

Key Terms

Separation Agreement, COBRA premiums, general release of claims, non-solicitation, +1 more

5 terms

Separation Agreement financial

"On May 28, 2026 ... entered into a Separation Agreement (the “Separation Agreement”) with Jaret Christopher"

A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.

COBRA premiums financial

"will receive ... Company-paid COBRA premiums for up to two months"

general release of claims financial

"The Separation Agreement contains customary provisions, including a general release of claims, confidentiality"

non-solicitation financial

"The Separation Agreement contains ... non-disparagement, non-solicitation, non-competition, and cooperation obligations."

A non-solicitation clause is a contractual promise that one party will not actively try to lure away another party’s employees, customers, or suppliers. For investors, it signals protection of a company’s workforce and client base after a deal or partnership—reducing the risk that key staff or revenue sources will be poached and therefore helping preserve the business’s value, predictability, and post-transaction earnings. Think of it as an agreement not to knock on a neighbor’s door to take their business or team.

non-competition financial

"The Separation Agreement contains ... non-solicitation, non-competition, and cooperation obligations."

A non-competition is a contractual restriction that prevents a person or business from starting or working in a competing business within a specified time and geographic area after leaving a job or completing a transaction. It matters to investors because it acts like a temporary fence around customers, trade secrets and know‑how, helping protect future revenue and company value; weak or unenforceable restrictions can increase the risk of customer loss and competitive erosion.

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Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2026

SPRINGBIG HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-40049		88-2789488
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

621 NW 53rd Street, Ste. 260

Boca Raton, Florida, 33487

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (800) 772-9172

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

On May 28, 2026 (the “Effective Date”), SpringBig Holdings, Inc. (the “Company”) entered into a Separation Agreement (the “Separation Agreement”) with Jaret Christopher and Mr. Christopher’s service with the Company as Chief Executive Officer and a director concluded. Mr. Christopher's departure was not the result of any disagreement with the Company regarding its operations, policies, or practices. Pursuant to the Separation Agreement, Mr. Christopher will receive (i) continuation of his base salary for two months, (ii) Company-paid COBRA premiums for up to two months, and (iii) an additional cash payment of $50,000, subject to his compliance with the terms of the Separation Agreement and the expiration of a 30-day review period without rescission. No unvested compensatory awards accelerated in connection with the separation. The Separation Agreement contains customary provisions, including a general release of claims, confidentiality, non-disparagement, non-solicitation, non-competition, and cooperation obligations.

Item 9.01. Exhibits

Exhibit No.		Description of Exhibit
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

1

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SPRINGBIG HOLDINGS, INC.
June 3, 2026	By:	/s/ Jason Moos
		Name:	Jason Moos
		Title:	Chief Financial Officer

2

FAQ

What leadership change did SpringBig Holdings (SBIG) disclose in this 8-K?

SpringBig disclosed that Chief Executive Officer and director Jaret Christopher’s service with the company concluded effective May 28, 2026. His departure occurred under a Separation Agreement and was stated not to result from any disagreement over operations, policies, or practices.

What cash benefits does Jaret Christopher receive in his SpringBig (SBIG) separation?

Under the Separation Agreement, Jaret Christopher will receive continuation of his base salary for two months and an additional cash payment of $50,000. These amounts are contingent on a 30-day review period without rescission and his ongoing compliance with the agreement’s terms.

How long will SpringBig (SBIG) cover COBRA premiums for the departing CEO?

SpringBig agreed to pay COBRA health insurance premiums for Jaret Christopher for up to two months. This company-paid COBRA coverage is part of the overall Separation Agreement benefits, alongside salary continuation and a $50,000 cash payment, subject to specified conditions.

Were any unvested awards accelerated for SpringBig (SBIG) CEO Jaret Christopher?

No, the company states that no unvested compensatory awards accelerated in connection with Jaret Christopher’s separation. His departure benefits are limited to salary continuation, company‑paid COBRA premiums for up to two months, and a $50,000 cash payment under the Separation Agreement.

What restrictive covenants are included in SpringBig’s (SBIG) CEO Separation Agreement?

The Separation Agreement includes a general release of claims plus confidentiality, non‑disparagement, non‑solicitation, non‑competition, and cooperation obligations. These provisions are designed to protect the company’s interests after the CEO’s departure while providing defined severance benefits.

Is there a review period tied to Jaret Christopher’s separation benefits at SpringBig (SBIG)?

Yes. The additional $50,000 payment and other benefits are subject to expiration of a 30‑day review period without rescission. During this period, the agreement can be reviewed, and benefits depend on his continued compliance with its terms.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB