---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-150082"
form_type: "8-K/A"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T00:59:55.654522+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PureCycle CFO Michael Dee to depart Jan 15, 2022; receives $1.225M cash severance, accelerated equity

## Summary
- Separation agreement: $1M lump sum on Dec 31, 2021 plus $225K in 12 monthly installments.
- Vesting acceleration: 613,497 stock options, 666,667 restricted shares (half on separation, half on Ironton plant operational date).
- Additional benefits: 2021 bonus (actual performance), COBRA reimbursement up to 12 months, $20K attorneys' fees.
- Dee remains employee until Jan 15, 2022; reaffirms non-compete/non-solicitation covenants.
- CFO replacement Lawrence Somma effective Nov 15, 2021 as previously announced.

## SEC filing metadata
- accession: 0001104659-21-150082
- form_type: 8-K/A
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000110465921150082/0001104659-21-150082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000110465921150082/tm2135505d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-150082
- JSON: https://secwatch.observer/filing/0001104659-21-150082.json
- Plain text: https://secwatch.observer/filing/0001104659-21-150082.txt

## Key facts
- Executive change
  Michael E. Dee resigned as Chief Financial Officer at PureCycle Technologies, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Pursuant to the Separation Agreement, Mr. Dee’s last day of employment with the Company will occur January 15, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830033/000110465921150082/0001104659-21-150082-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.