---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054397"
form_type: "8-K"
ticker: null
cik: "0001431959"
company_name: "META MATERIALS INC."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:21:44.150274+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Meta Materials terminates CEO George Palikaras, lowers stockholder quorum requirement

## Summary
- Board terminated George Palikaras from all positions (CEO, director) effective Oct 16, 2023.
- Palikaras receives severance: 1 year base salary (C$553,500), four quarterly bonuses, benefits, 12-mo accelerated option vesting.
- Bylaw amendment reduces stockholder-meeting quorum from majority to one-third of outstanding shares.
- No cause stated; severance terms indicate termination without cause under employment agreement.

## SEC filing metadata
- accession: 0000950170-23-054397
- form_type: 8-K
- cik: 0001431959
- company_name: META MATERIALS INC.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/0000950170-23-054397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/mmat-20231016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054397
- JSON: https://secwatch.observer/filing/0000950170-23-054397.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054397.txt

## Key facts
- Executive change
  George Palikaras was terminated as Chief Executive Officer at META MATERIALS INC..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On October 16, 2023, the Board of Directors (the “Board”) of Meta Materials Inc., a Nevada corporation (the “Company”), terminated the employment of George Palikaras from all positions with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/0000950170-23-054397-index.htm
- Governance Changes
  META MATERIALS INC.: Reduced stockholder meeting quorum from majority to one-third of outstanding shares entitled to vote (effective 2023-10-16).
  - Change: bylaw amendment
  - Effective: 2023-10-16
  source text: On October 16, 2023, the Board authorized, approved and adopted an amendment to the Company’s Amended and Restated Bylaws to reduce the quorum requirement for meetings of the Company’s stockholders from a majority of the Company’s outstanding shares entitled to vote, represented in person or by proxy to one-third of the Company’s outstanding shares entitled to vote, represented in person or by proxy (the “Bylaw Amendment”). The Bylaw Amendment became effective immediately upon its adoption and amended Section 2.7 of the Company’s Amended and Restated Bylaws.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/0000950170-23-054397-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.