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Get filing alertsTruGolf appoints Steven Passey as CFO at $250K annual salary with equity eligibility
Filed May 6, 2026 · Period ending May 1, 2026 · ~1 min read
Key Changes
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Steven Passey, 64, hired as Chief Financial Officer effective May 15, 2026, with employment agreement signed May 1. He most recently served as Group Controller at Blackrock Neurotech and previously as CFO of Kinetic Energy Services.
Item 5.02 verify on EDGAR → -
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Compensation set at $225,000 base salary for first three months, increasing to $250,000 annually thereafter, plus eligibility for annual equity grants subject to Compensation Committee approval.
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Passey brings cross-industry finance experience including roles in neurotechnology and oil/gas services sectors, though his tenure at recent positions has been relatively short (7-8 months each).
Item 5.02 verify on EDGAR →
Summary
TruGolf Holdings has filled its Chief Financial Officer position by hiring Steven Passey, a 64-year-old finance executive with experience across multiple industries. The appointment becomes effective May 15, 2026, with an employment agreement signed two weeks prior. Passey's compensation package includes a $225,000 starting salary that rises to $250,000 after three months, plus potential annual equity grants.
For retail investors, this CFO hire represents a key leadership addition for the company's financial oversight and reporting functions. Passey's background includes recent controller and CFO roles at Blackrock Neurotech and Kinetic Energy Services, though his tenures at these positions were brief (7-8 months each).
The relatively modest base salary compared to typical public company CFO compensation may reflect TruGolf's size or financial position. Investors should watch for Passey's first quarterly earnings call and any changes to financial reporting quality or investor communications under his leadership. His ability to strengthen financial controls and provide strategic guidance will be critical for shareholder confidence.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 1, 2026, TruGolf Holdings, Inc. (the “Company”) entered into an employment letter (the “Employment Letter”) with Steven Passey to serve as the Company’s Chief Financial Officer effective May 15, 2026.
The company appointed Steven Passey as Chief Financial Officer effective May 15, 2026. This is a new executive hire filling the CFO role.
Added in current filing · verify on EDGAR →
Mr. Passey, age 64, served as Group Controller – International Operations at Blackrock Neurotech, Inc., a neurotechnology company, from October 2025 until May 2026. From September 2024 to May 2025, Mr. Passey served as Chief Financial Officer of Kinetic Energy Services, LLC, an oil and gas staffing services company.
Steven Passey is 64 years old and most recently worked as Group Controller at Blackrock Neurotech from October 2025 to May 2026, and before that as CFO of Kinetic Energy Services from September 2024 to May 2025. His background includes multiple CFO and controller roles across various industries.
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Employment Agreement between Steven Passey and TruGolf Holdings, Inc. dated May 1, 2026
The company has entered into an employment agreement with Steven Passey effective May 1, 2026. The 8-K does not disclose the role, compensation terms, or other material details of this agreement within the filing body itself, only listing the agreement as an exhibit.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify