Danimer CEO Stephen Croskrey to retire by Dec 31, 2024; Richard Hendrix named Chairman

Danimer Scientific, Inc.

Croskrey resigns as Chairman effective May 20; remains Director through July 9 annual meeting.
Richard Hendrix appointed Chairman and Interim Executive Chairman; Executive Committee formed for CEO search.
Croskrey's compensation unchanged during transition; eligible for 2024 bonus up to 2.5x base salary.
Outstanding stock options will continue vesting as if Croskrey remained a Director; performance shares forfeited.
Company will pay COBRA premiums for Croskrey and spouse after retirement until alternate coverage or COBRA ends.

item 5.02 item 9.01

Executive movements

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Departed

Stephen E. Croskrey

Chief Executive Officer

Danimer Scientific, Inc.

Filed: May 20, 2024, 7:59 PM ET

On May 20, 2024, Stephen E. Croskrey informed Danimer Scientific, Inc. (the “Company”) of his intention to retire from employment with the Company on or before December 31, 2024.

Appointed (interim)

Richard Hendrix

Chairman of the Board

Danimer Scientific, Inc.

Effective: 2024-05-20
Filed: May 20, 2024, 7:59 PM ET

the Board appointed current Director, Richard Hendrix, as Chairman of the Board, inclusive of an Interim Executive Chairman role.

Departed

Stephen E. Croskrey

Chairman of the Board

Danimer Scientific, Inc.

Effective: 2024-05-20
Successor: Richard Hendrix
Filed: May 20, 2024, 7:59 PM ET

On May 20, 2024, Stephen E. Croskrey informed Danimer Scientific, Inc. (the “Company”) of his intention to retire from employment with the Company on or before December 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Stephen E. Croskrey departed as Chief Executive Officer at Danimer Scientific, Inc..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On May 20, 2024, Stephen E. Croskrey informed Danimer Scientific, Inc. (the “Company”) of his intention to retire from employment with the Company on or before December 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Hendrix was appointed as Chairman of the Board at Danimer Scientific, Inc..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

the Board appointed current Director, Richard Hendrix, as Chairman of the Board, inclusive of an Interim Executive Chairman role.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen E. Croskrey departed as Chairman of the Board at Danimer Scientific, Inc..

Action: resigning
Role: Chairman of the Board

Exact text from the filing

On May 20, 2024, Stephen E. Croskrey informed Danimer Scientific, Inc. (the “Company”) of his intention to retire from employment with the Company on or before December 31, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-24-062219

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