8-K
filed June 4, 2024, 7:59 PM ET
ticker FEAM
CIK 0001888654
leadership
confidence high
sentiment neutral
materiality 0.75
CEO Susan Brennan resigns; CFO Paul Weibel appointed CEO; board changes
5E Advanced Materials, Inc.
- Susan Brennan resigned as President, CEO, and director effective June 3, 2024.
- Separation agreement includes $1M cash (24 months salary) plus $350K 2024 bonus and other benefits.
- Paul Weibel, previously CFO, appointed CEO and principal executive officer effective June 3.
- Joshua Malm, Interim Chief Accounting Officer, appointed Interim CFO and principal financial officer.
- Director Stephen Hunt resigns June 30; Bryn Jones appointed to board effective July 1, with $50K cash and $200K in DSUs.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen Hunt resigned as Director at 5E Advanced Materials, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On June 3, 2024, Stephen Hunt informed the Company's Board of Directors (the "Board") of his intention to resign from the Board effective on June 30, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Weibel was appointed as Chief Executive Officer at 5E Advanced Materials, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Also on June 3, 2024, the Board appointed Paul Weibel, the Company’s Chief Financial Officer, as the Company’s Chief Executive Officer and principal executive officer, effective as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joshua Malm was appointed as Interim Chief Financial Officer at 5E Advanced Materials, Inc..
- Action
- appointed
- Role
- Interim Chief Financial Officer
Exact text from the filing
The Board also appointed Joshua Malm, the Company’s Interim Chief Accounting Officer, as the Company’s Interim Chief Financial Officer and principal financial officer and principal accounting officer, effective as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan Brennan resigned as President and Chief Executive Officer at 5E Advanced Materials, Inc..
- Action
- resigned
- Role
- President and Chief Executive Officer
Exact text from the filing
On June 3, 2024, Susan Brennan notified 5E Advanced Materials, Inc. (the “Company”) of her resignation as President and Chief Executive Officer of the Company and as a director of the Board of Directors of the Company (the “Board”), effective as of June 3, 2024
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bryn Jones was appointed as Director at 5E Advanced Materials, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On June 3, 2024, the board appointed Bryn Jones to the Board as a director, effective July 1, 2024.
View on SEC.gov
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