UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Salary Reinstatement
As noted in the Current Report on Form 8-K filed by PSQ Holdings, Inc., a Delaware corporation (the “Company”) on November 1, 2024, with the Securities and Exchange Commission, effective November 1, 2024, Brad Searle, the Company’s Chief Financial Officer, Sarah Gabel Seifert, the President of our “EveryLifeTM” brand, and Mike Hebert, the Chief Operating Officer of the Company agreed to voluntary compensation decreases to indicate their support for the Company’s cost reduction measures. On February 26, 2025, the compensation committee of the Company (the “Compensation Committee”) determined to reinstate the base salaries for Mr. Searle and Ms. Seifert effective as of the next pay period and reinstate the base salary for Mr. Hebert in full as of January 1, 2025.
Relocation Bonus
In addition, on February 26, 2025, the Compensation Committee approved a one-time special cash relocation bonus of $50,000, after reduction for applicable income tax withholdings, to be paid to Mr. Hebert.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PSQ Holdings, Inc. | ||
| Date: March 4, 2025 | By: | /s/ Michael Seifert |
| Name: | Michael Seifert | |
| Title: | Founder, Chairman and Chief Executive Officer | |
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