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Get filing alertsSafe Pro Group hires COO Jarret Mathews with $200K salary and up to 200K performance options
Filed April 3, 2026 · Period ending April 1, 2026 · ~1 min read
Key Changes
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Appointed Jarret Mathews as Chief Operating Officer with $200K base salary, $50K signing bonus, and potential 100% annual bonus. Mathews previously led Phase Zero Consulting and served as Army officer directing Joint Acquisition Task Force.
Item 5.02 verify on EDGAR → -
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Granted Mathews substantial equity package: 15,000 shares immediately vested, 20,000 restricted shares as inducement grant, annual option grants of 75,000 shares, plus 200,000 performance options tied to revenue milestones of $5M, $10M, and $20M.
Item 5.02 verify on EDGAR → -
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Increased CFO Theresa Carlise's salary to $225K annually, added $1K monthly car allowance and full health insurance coverage (or $2K monthly medical allowance) via third amendment to employment agreement.
Item 5.02 verify on EDGAR → -
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Total new executive compensation represents significant expense increase: up to $450K annual cash for COO (with max bonus), plus $225K+ for CFO, alongside potential equity dilution from option grants.
Item 5.02 verify on EDGAR →
Summary
Safe Pro Group filled a critical leadership gap by appointing Jarret Mathews as Chief Operating Officer, bringing military acquisition experience and consulting background to oversee operations. The compensation package is heavily performance-oriented, with 200,000 stock options unlocking only when the company hits revenue targets of $5 million, $10 million, and $20 million—suggesting management expects significant growth ahead. Simultaneously, the company increased CFO compensation, indicating efforts to retain and reward the existing finance leadership team.
Retail investors should note the potential dilution from equity grants, particularly the performance options, though these align executive incentives with shareholder value through revenue growth requirements. The combined executive compensation increase represents meaningful new cash burn for what appears to be a small-cap company. Watch upcoming quarterly filings to see if the company achieves the revenue milestones that would trigger the performance options, and whether the new COO's operational expertise translates into improved margins or execution.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Safe Pro Group appointed Jarret Mathews as COO with $200K salary and equity grants; CFO Theresa Carlise received salary increase to $225K.
Added in current filing · verify on EDGAR →
On April 1, 2026, Safe Pro Group Inc. (the “Company”) appointed Jarret Mathews to serve as the Company’s Chief Operating Officer.
The company hired Jarret Mathews as Chief Operating Officer effective April 1, 2026. Mr. Mathews, age 50, previously ran Phase Zero Consulting and served as an Army officer directing the Joint Acquisition Task Force. This is a new executive position filling a key operational leadership role.
Added in current filing · verify on EDGAR →
Under the Employment Agreement, Mr. Mathews will receive an annual base salary of $200,000, is eligible for a home-office allowance of $1,000 per month, and received a commencement cash bonus of $50,000. Mr. Mathews is eligible for an annual cash bonus of up to 100% of base salary, as determined by the Board or its Compensation Committee based on Company and individual performance.
The new COO receives $200,000 annual base salary, $1,000 monthly home-office allowance, $50,000 signing bonus, and potential annual bonus up to 100% of base salary. Total cash compensation could reach $450,000 annually if maximum bonus is achieved. This represents significant new executive compensation expense.
Event · Item 9.01 — Financial Statements and Exhibits
Safe Pro Group filed employment agreements for Jarret Mathews and an amendment to Theresa Carlise's employment agreement, both dated April 1, 2026.
Added in current filing · verify on EDGAR →
Employment Agreement between Safe Pro Group Inc. and Jarret Mathews dated April 1, 2026
The company has entered into a new employment agreement with Jarret Mathews effective April 1, 2026. The 8-K does not disclose the role, compensation terms, or other material details of this agreement within the filing body itself.
Added in current filing · verify on EDGAR →
Amendment No. 3 to Employment Agreement between Safe Pro Group Inc. and Theresa Carlise, dated April 1, 2026
The company has executed the third amendment to Theresa Carlise's employment agreement, effective April 1, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify