Amendment: SpringBig Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
(Amendment No. 1)
CURRENT REPORT
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EXPLANATORY NOTE
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.
As previously disclosed, effective July 29, 2025, Jeffrey Harris informed the Company that he had resigned as a member of the Company’s Board of Directors (the “Board”), of which he served as Chairman. A copy of the resignation email from Mr. Harris is attached hereto as Exhibit 17.1. The email did not state that his resignation was due to any disagreements with the Company or the Board.
On August 11, 2025, the Company received a letter from Mr. Harris (the “Harris Letter”) indicating that disagreements with the Company led to his decision to resign from the Board, a copy of which is attached hereto as Exhibit 17.2. As disclosed in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, the Company and Mr. Harris, who had served as the Company’s Chief Executive Officer until he stepped down on March 31, 2025, are currently engaged in litigation brought forth by Mr. Harris during the second quarter of 2025 against the Company related to a consulting agreement and a separation agreement, pursuant to which, among other items, (i) Mr. Harris was required to provide services to the Company for a twelve-month period commencing on April 1, 2025, including being available to the Board and management to help with strategic planning, (ii) as consideration for his services, Mr. Harris was to receive a consulting fee of $450,000 payable in eighteen equal monthly installments (the “Consulting Fee”) and (iii) the Company was required to grant to Mr. Harris 250,000 restricted stock units pursuant to its 2022 Long-Term Incentive Plan subject to vesting on the earlier of the occurrence of a change of control and March 31, 2026 (the “RSU Grant”). The Company has not paid the Consulting Fee or made the RSU Grant, which are mentioned in the Harris Letter in relation to his disagreement.
The Company strongly disagrees with the assertions in the Harris Letter.
In accordance with the requirements of Item 5.02 of Form 8-K, the Company will provide Mr. Harris with a copy of the disclosures contained in this Current Report on Form 8-K no later than the day of filing this Form 8-K with the Commission.
Item 9.01. Exhibits
|
Exhibit No. |
Description of Exhibit | |
| 17.1 | Email from Jeffrey Harris, dated July 29, 2025. | |
| 17.2 | Letter from Jeffrey Harris, dated August 11, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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. | |||
| August 13, 2025 | By: | /s/ Jaret Christopher | |
| Name: | Jaret Christopher | ||
| Title: | Chief Executive Officer | ||
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