PureCycle appoints Lawrence Somma as CFO effective Nov 15, 2021; replaces Michael Dee

PureCycle Technologies, Inc.

Somma, former LyondellBasell VP Finance Strategy & Transformation, will lead financial strategy.
Compensation includes $500,000 annual base salary, $250,000 sign-on bonus, and $3.3M equity award.
Outgoing CFO Michael Dee assisted raising ~$750M and will remain in advisory role for 60 days.
Somma holds M.B.A. in Finance from University of Buffalo; B.S./M.E. from Cornell.
Ironton, Ohio facility expected completion Q4 2022; Augusta facility in early development.

item 5.02 item 9.01

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Appointed

Lawrence Somma

Chief Financial Officer

PCT · PureCycle Technologies, Inc.

Effective: 2021-11-15
Filed: November 4, 2021, 7:59 PM ET

On October 30, 2021, PureCycle Technologies, Inc. (the “Company”) reached an agreement with Lawrence Somma, 55, to serve as the Company’s Chief Financial Officer, effective November 15, 2021.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Lawrence Somma was appointed as Chief Financial Officer at PureCycle Technologies, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On October 30, 2021, PureCycle Technologies, Inc. (the “Company”) reached an agreement with Lawrence Somma, 55, to serve as the Company’s Chief Financial Officer, effective November 15, 2021.

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Source: SEC EDGAR

accession 0001104659-21-134366

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