SurgePays, Inc. (NASDAQ:SURG) announced Wednesday the appointment of Chelsea Pullano as interim Chief Financial Officer, effective the same day. The company's board named Pullano to fill the vacancy left by the previous separation with Tony Evers.
Pullano's appointment is connected to SurgePays' entry into a master services agreement with MACK Financial Solutions LLC, dated January 9, 2026. Under this agreement, MACK will provide outsourced financial, accounting, and executive financial services to SurgePays, including CFO services, accounting oversight, bookkeeping, financial reporting, and support for public-company financial compliance.
Pullano will serve as Chief Financial Officer on a part-time basis, committing at least 40 hours per month. Compensation for the role will be $5,000 per month paid directly to Pullano for her CFO services, and an additional $5,000 per month to MACK for other services.
According to the company's statement in the SEC filing, Pullano will receive the same indemnification, advancement of expenses, and other protections as other officers of the company. The agreement allows either SurgePays or MACK to terminate the arrangement with sixty days' notice. In the event of a material breach that is not cured within fourteen days of notice, the agreement may be terminated immediately by the non-breaching party.
Pullano is described in the filing as a financial executive with experience supporting both public and private companies in accounting, financial reporting, and strategic finance. Since May 2023, she has been a partner and Chief Executive Officer at MACK Financial Solutions. She previously served as Chief Financial Officer of Creatd, Inc. from June 2020 to May 2023, and as Director of Finance at Lucosky Brookman LLP between September 2024 and March 2025.
The company stated that Pullano has no family relationships with any of SurgePays' directors or executive officers, and is not involved in any related transactions requiring disclosure. There are no arrangements or understandings with other persons regarding her selection as CFO.
This information is based on a press release statement included in SurgePays' Form 8-K filing with the Securities and Exchange Commission.
In other recent news, SurgePays Inc. reported its third-quarter 2025 earnings, showcasing a remarkable revenue increase but missing earnings per share (EPS) expectations. The company achieved a revenue of $18.7 million, which represents a 292% increase compared to the previous year. However, SurgePays posted an EPS of -$0.38, significantly below the anticipated -$0.12, resulting in a surprise of -216.67%. In addition to its financial results, SurgePays announced the integration of three lead generation aggregators into its ProgramBenefits platform. This strategic move is expected to generate approximately 10,000 new subprime leads daily at full capacity. The company aims to turn customer acquisition into a profit center, fostering growth in both subsidized and prepaid wireless channels. These developments reflect SurgePays' ongoing efforts to expand its customer base and enhance its financial performance.