secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001104659-21-134366
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000110465921134366/0001104659-21-134366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000110465921134366/tm2131980d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-134366

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer