Corporate GovernanceApr 30, 2026, 04:26 PM
SRFM Amends 10-K Part III; Details Exec Comp, Governance
AI Summary
Surf Air Mobility Inc. filed an amendment to its 10-K to include previously omitted Part III information, detailing executive compensation and corporate governance. For 2025, CEO Deanna White's total compensation was $2.93M and CFO Oliver Reeves' was $1.69M, though both saw their base salaries reduced to $550,000. The company met its adjusted EBITDA target for 2025 performance-based equity awards, but one director's Section 16(a) report was filed late.
Key Highlights
- Amendment filed to provide omitted Part III information for 10-K.
- CEO Deanna White's 2025 total compensation was $2,933,208.
- CFO Oliver Reeves's 2025 total compensation was $1,688,463.
- CEO and CFO annual base salaries reduced from $650,000 to $550,000 for 2025.
- CEO received 500,000 fully-vested RSUs on December 30, 2025.
- 2025 performance-based RSUs for NEOs vested as adjusted EBITDA target was met.
- One Section 16(a) report for Director Shawn Pelsinger was filed late.
- Director cash retainers and initial equity grants were temporarily reduced in 2025.
Price Impact
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