Surf Air Mobility Inc. - Form 8-K Filing

On May 18, 2026, Carl Albert, Chairman of the Board of Surf Air Mobility Inc., announced his decision not to seek re-election at the upcoming 2026 Annual Meeting of Shareholders. He will continue to serve until the meeting on July 24, 2026. His departure from the chairmanship is not due to any disagreements. Post-meeting, Mr. Albert will transition to Chairman Emeritus and serve as an advisor to the Board for a one-year period, renewable for another year. Under an Advisory Services Agreement, he will receive an annual fee of $110,000, annual equity compensation valued at approximately $165,000, and a one-time grant of 1,000,000 shares of the Company's common stock. Concurrently, the Board elected Shawn Pelsinger as the successor Chairman, effective after the Annual Meeting.