Business Context and Reporting Period
This Form 8-K Current Report was filed by Spectral AI, Inc. (Nasdaq: MDAI, MDAIW) on February 3, 2026, covering events occurring on February 1, 2026. The company is incorporated in Delaware and operates as an emerging growth company.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on executive personnel changes and associated compensatory arrangements.
Material Changes
- Executive Departure: Mr. Jeremiah Sparks stepped down as Chief Commercial Officer effective February 1, 2026, to pursue other opportunities.
- Reason for Departure: The departure was not the result of any disagreement with the Company regarding operations, policies, or practices.
- Succession Plan: The Company has initiated a national search for a replacement.
Outlook, Risks, and Unusual Items
- Transition Arrangement: A Consulting Agreement was executed to ensure a smooth transition of commercial activities and support for ongoing projects.
- Compensation Details: Mr. Sparks will provide transition services for a term of 90 days at a rate of $4,000 per week.
- Risk Factors: The filing does not disclose new material risks or contingencies beyond the standard operational impact of an executive departure.
Investor Verification Checklist
- Confirm the timeline for the appointment of a new Chief Commercial Officer.
- Review the impact of the CCO departure on current commercial projects and pipeline.
- Verify the total cost of the 90-day consulting agreement ($120,000) against the company's current cash position in upcoming financial reports.
- Monitor for any subsequent filings regarding the search process or interim leadership appointments.