Surf Air Mobility announced that Carl Albert, the current Chairman of the Board, will not seek re-election at the upcoming 2026 Annual Meeting of Shareholders. He will transition to the role of Chairman Emeritus and an advisor to the Board. The Board has elected Shawn Pelsinger as the successor Chairman, effective upon the conclusion of the annual meeting.
Key Details
- Leadership Transition: Carl Albert will continue to serve as Chairman until the Annual Meeting on July 24, 2026. His decision is not due to any disagreement with the company. Shawn Pelsinger will become the new Chairman effective the same day.
- Advisory Agreement: Effective July 24, 2026, Mr. Albert will enter a one-year advisory agreement with the company.
- Compensation Terms: For his advisory role, Mr. Albert will receive an annual fee of $110,000, annual equity compensation valued at approximately $165,000, and a one-time equity award of 1,000,000 shares of common stock.