SpringBig Holdings, Inc. Director Resigns; Board Approves Cash Compensation

What Happened
SpringBig Holdings, Inc. filed an 8-K (Aug 6, 2026) reporting that director Larry Ellis resigned from the Board effective July 31, 2026. The filing states the resignation was not due to any disagreement with the company or the Board. On August 1, 2026, the Board approved cash compensation for continuing directors.

Key Details

• Director Larry Ellis resigned effective July 31, 2026.
• The resignation was explicitly not due to any disagreement with the Company or Board.
• On August 1, 2026, the Board approved cash pay of $5,000 upon appointment and $2,500 per month thereafter for continuing Board members, effective August 2026.
• Information was reported in a Form 8-K filed August 6, 2026 (Item 5.02).

Why It Matters
This is a governance change rather than an operational disclosure: one director left the Board and the company introduced a standardized cash compensation plan for continuing directors. For investors, the items signal routine board turnover and a modest recurring expense for director pay (the $2,500 monthly fee), and the filing notes there was no dispute prompting the resignation.