Aspen Aerogels CFO John Fairbanks retires; Ricardo Rodriguez appointed CFO

ASPEN AEROGELS INC

John Fairbanks retired as VP, CFO and Treasurer effective April 1, 2022; will provide consulting through March 31, 2023.
Ricardo Rodriguez, previously Chief Strategy Officer, promoted to SVP, CFO and Treasurer effective April 1, 2022.
Rodriguez receives base salary of $350,000 and performance bonus target of at least 50% under new executive agreement.
Company amended loan with Silicon Valley Bank to revise certain financial covenants; terms not detailed.
Fairbanks’ vested options exercisable through April 1, 2024; unvested awards continue vesting during consulting period.

item 1.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John F. Fairbanks

Vice President, Chief Financial Officer and Treasurer

ASPN · ASPEN AEROGELS INC

Effective: 2022-04-01
Successor: Ricardo C. Rodriguez
Filed: April 1, 2022, 7:59 PM ET

Mr. Fairbanks retired and resigned from his position as Vice President, Chief Financial Officer and Treasurer of the Company effective as of the Transition Date.

Appointed

Ricardo C. Rodriguez

Senior Vice President, Chief Financial Officer and Treasurer

ASPN · ASPEN AEROGELS INC

Effective: 2022-04-01
Filed: April 1, 2022, 7:59 PM ET

Effective April 1, 2022, the Company promoted Ricardo C. Rodriguez, Chief Strategy Officer, to the position of Senior Vice President, Chief Financial Officer and Treasurer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John F. Fairbanks retired as Vice President, Chief Financial Officer and Treasurer at ASPEN AEROGELS INC.

Action: retired
Role: Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

Mr. Fairbanks retired and resigned from his position as Vice President, Chief Financial Officer and Treasurer of the Company effective as of the Transition Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Ricardo C. Rodriguez was appointed as Senior Vice President, Chief Financial Officer and Treasurer at ASPEN AEROGELS INC.

Action: promoted
Role: Senior Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

Effective April 1, 2022, the Company promoted Ricardo C. Rodriguez, Chief Strategy Officer, to the position of Senior Vice President, Chief Financial Officer and Treasurer.

View on SEC.gov

ASPEN AEROGELS INC filing history →

Source: SEC EDGAR

accession 0001193125-22-093720

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