Danimer Scientific appoints Richard Altice as Interim CEO, CEO Croskrey steps down

Danimer Scientific, Inc.

CEO Stephen Croskrey steps down effective Oct 14, 2024, will serve as Special Advisor through end of year.
Director Richard Altice appointed Interim CEO, granted 300,000 Stock Appreciation Rights at 135% of Oct 14 closing price.
Altice receives $25,000 monthly cash compensation during interim CEO tenure, ceases Nominating Committee role.
Richard Hendrix steps down as Interim Executive Chairman, remains independent Chairman of the Board.
Board forms Executive Committee to lead search for permanent CEO.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Richard Altice

Interim Chief Executive Officer

Danimer Scientific, Inc.

Effective: 2024-10-15
Filed: October 16, 2024, 7:59 PM ET

Richard Altice, a current director of the Company has been named Interim Chief Executive Officer (“Interim CEO”) of the Company.

Departed

Stephen Croskrey

Chief Executive Officer

Danimer Scientific, Inc.

Effective: 2024-10-14
Filed: October 16, 2024, 7:59 PM ET

Stephen Croskrey, who previously announced his intention to retire by the end of 2024 after more than eight years as Chief Executive Officer (“CEO”) of the Company, will no longer serve as CEO of the Company.

Role change

Richard Hendrix

independent Chairman of the Board

Danimer Scientific, Inc.

Effective: 2024-10-20
Filed: October 16, 2024, 7:59 PM ET

Richard Hendrix would step down from his role as Interim Executive Chairman of the Board, effective as of October 20, 2024, and would continue serving on the Board as its independent Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Altice was appointed as Interim Chief Executive Officer at Danimer Scientific, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

Richard Altice, a current director of the Company has been named Interim Chief Executive Officer (“Interim CEO”) of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Stephen Croskrey, who previously announced his intention to retire by the end of 2024 after more than eight years as Chief Executive Officer (“CEO”) of the Company, will no longer serve as CEO of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Hendrix changed role as independent Chairman of the Board at Danimer Scientific, Inc..

Action: stepped down as Interim Executive Chairman
Role: independent Chairman of the Board

Exact text from the filing

Richard Hendrix would step down from his role as Interim Executive Chairman of the Board, effective as of October 20, 2024, and would continue serving on the Board as its independent Chairman of the Board.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-24-114849

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