secwatch.observer — SEC 8-K summary
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Issuer:     SusGlobal Energy Corp. (SNRG)
CIK:        0001652539
Form:       8-K
Filed at:   2021-12-14T23:59:59+00:00
Accession:  0001062993-21-012851
Event type: litigation
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

SusGlobal Energy settles litigation with former CEO; shares returned, complaint withdrawn
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- Company pays C$347,500 (~US$275k) to Hamaliuk and Landfill Gas Canada Ltd.; 2,011,500 shares returned for cancellation.
- Hamaliuk releases claim to 3,300,000 shares pledged to PACE; now held by CEO Marc Hazout as security for personal guarantee.
- Hamaliuk agrees to withdraw whistleblower complaint to SEC and OSC; Ontario court dismisses action and counterclaim.
- Previously recorded $310,428 in accounts payable for unpaid fees to Hamaliuk pending litigation outcome.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652539/000106299321012851/0001062993-21-012851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652539/000106299321012851/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-21-012851

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