Surf Air Mobility Appoints Jason Secore as CFO, Succeeding Oliver Reeves
SRFM has more than doubled off its 52-week low of $0.456 on elevated volume (1.9× avg).
Summary
Surf Air Mobility has appointed Jason Secore as CFO effective September 30, 2026, replacing Oliver Reeves. The transition will cost over $1.6 million in severance and advisory fees, even as the company faces a NYSE delisting notice and a going concern warning.
Key Events · Executive and Board Changes · SRFM
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CFO Transition Announced
Jason Secore has been appointed CFO effective September 30, 2026, succeeding Oliver Reeves, who has held the role since January 1, 2024.
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Outgoing CFO Severance Package
Oliver Reeves will receive $650,000 in cash severance, a $732,329 fully-vested stock award, and a $240,000 annual advisory fee—totaling over $1.6 million.
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New CFO Compensation
Jason Secore's compensation includes a $450,000 base salary, a 100% target bonus, and 790,000 RSUs/PRSUs under the 2026 Inducement Plan.
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Distress Context
The transition occurs while the company faces a NYSE delisting notice for its sub-$1.00 stock price and a going concern warning from Q2 2026.
Analysis · SRFM · Energy & Transportation
A CFO change at Surf Air Mobility arrives at a pivotal moment. The company is contending with a NYSE delisting notice for its sub-$1.00 stock price and a going concern warning from its Q2 filing. The appointment of Jason Secore, whose background spans capital markets and aircraft financing, is a deliberate effort to tackle the company's most urgent challenge: securing capital. The outgoing CFO, Oliver Reeves, will receive $650,000 in cash severance, a $732,329 stock award, and a $240,000 advisory fee, bringing the total cost of the transition to over $1.6 million at a time when cash is tight. The new CFO's compensation package includes 790,000 RSUs and PRSUs, further expanding the company's already growing share count.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1625 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SRFM was trading at $1.16 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $147.1M. The 52-week trading range was $0.46 to $6.17. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.