Dragonfly Energy Holdings Corp. 8-K

What Happened

• Dragonfly Energy Holdings Corp. filed an 8‑K on March 16, 2026 announcing a press release with preliminary financial results for the fourth quarter and full year ended December 31, 2025 and scheduling a webcast to discuss results. The filing also discloses company-wide cost reductions: roughly 20% pay cuts for executives, directors and other employees, plus equity awards in lieu of cash. (The filing states a webcast time of 4:30 p.m. ET on March 16—see the attached press release for the webcast link and details.)

Key Details

• Executive pay cuts: Named executives (Denis Phares, CEO / Interim CFO / President; Wade Seaburg, CCO; Tyler Bourns, CMO) agreed to ~20% base salary reductions effective April 1, 2026. New 2026 base salaries: Phares $497,600; Seaburg $221,000; Bourns $264,000. COO salary reduced to $280,000.
• Equity in lieu of pay: Option awards granted in lieu of cash — Phares 38,269 options, Seaburg 36,607, Bourns 20,303, COO 21,534 — each at a $2.99 exercise price. Options vest one‑third on April 1, 2026, and annually thereafter through April 1, 2028, subject to continued service.
• Director and employee changes: Non‑employee directors cut cash fees ~20% and were each granted 13,364 RSUs with the same vesting schedule. Other employees received up to 700,000 aggregate RSUs in lieu of cash. RSUs vest on the same three-year schedule.
• Cost savings and other actions: The company reduced discretionary spending (including DTC marketing), consolidated rental space (expected $4.0M expense reduction) and implemented targeted workforce reductions, estimating approximately $8.9M in annualized savings from these measures.

Why It Matters

• These actions are intended to reduce cash burn and conserve capital: the company expects roughly $8.9M in annualized savings, including a $4.0M benefit from facility consolidation. For investors, this lowers near‑term operating expense but increases potential equity dilution because executives, directors and employees received options and RSUs in lieu of some cash compensation. The press release and webcast will provide the company’s preliminary Q4 and full‑year 2025 financial details — investors should review the attached press release (Exhibit 99.1) and listen to the webcast for the full results and any updated guidance.