secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001104659-24-046107
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC appoints Steve Jurvetson as Vice Chair and special advisor; grants options for 3.44M shares
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- Steve Jurvetson appointed to Board as Vice Chair effective April 9, 2024.
- 5-year consulting agreement as special advisor to CEO; option for 3,440,000 shares at $1.71 (seven-year term, three-year vest).
- Jurvetson is co-founder of Future Ventures, former DFJ, sits on SpaceX board and formerly on Tesla board.
- Company amended 2021 Incentive Plan to exclude consultant compensation from non-employee director pay caps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924046107/0001104659-24-046107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924046107/tm2411549d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-046107

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