SpringBig Holdings, Inc. Form 8-K Filing

This Form 8-K filing by SpringBig Holdings, Inc. details significant executive and director compensation arrangements. The company has entered into an Executive Employment Agreement with CEO Jaret Christopher, formalizing his role for a three-year term with automatic renewals. The agreement includes an annual base salary of $450,000, a target annual bonus of 50% of base salary, and a restricted stock award of 12,891,251 shares, with a portion vesting immediately and the remainder over three years. Severance benefits are outlined for termination without cause or for good reason, including salary continuation and bonus payouts, with enhanced provisions in case of a Change in Control. Additionally, independent director Larry Ellis will receive 1,193,623 restricted stock units vesting over three years and cash retainers totaling $60,000 initially, followed by $10,000 monthly. The filing also discloses bonus arrangements for the CFO and COO, including phantom units and cash bonuses in connection with a Change in Control.