Spectral AI, Inc. 8-K

What Happened

• Spectral AI, Inc. (MDAI) announced in an 8-K filed April 8, 2026, that the Board appointed David McGuire as Chief Financial Officer effective May 4, 2026.
• Mr. McGuire, age 47, has 20+ years in finance including roles as Chief Accounting Officer at Solo Brands and Deputy CFO/Chief Accounting Officer at EZCORP, and spent ~14 years at Ernst & Young. He holds a BBA and an MPA from The University of Texas at Austin and is a Certified Public Accountant.

Key Details

• Start date: May 4, 2026.
• Base salary: $330,000 per year.
• Annual bonus: Target up to 30% of base pay, payable based on milestones/performance set by the Board.
• Equity: Grant of stock options to purchase 150,000 common shares under the 2023 Long Term Incentive Plan; options vest annually with first vesting on the first anniversary and fully vest over three installments (first + two subsequent anniversaries). Options fully vest upon a change of control.
• Filing: Offer letter furnished as Exhibit 99.1; related press release furnished as Exhibit 99.2 to the 8-K.

Why It Matters

• A new CFO influences financial reporting, internal controls, investor communications and capital-market activities—areas highlighted in Mr. McGuire’s background.
• Compensation mixes cash, performance bonus opportunity, and equity that align his incentives with company performance and retention (including acceleration on change of control).
• Investors should note the leadership change date and the alignment of pay and equity when assessing management continuity, governance, and potential impacts on financial reporting and strategic finance initiatives.