secwatch.observer — SEC 8-K summary
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Issuer:     Li-Cycle Holdings Corp. (—)
CIK:        0001828811
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001193125-24-138800
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Executive Chair Tim Johnston resigns from Board; separation includes 18-month salary continuance
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- Tim Johnston to resign as director after May 23 annual meeting, effective May 31, 2024.
- Separation agreement provides bi-weekly salary continuance of $76,153.85 for 18 months through Nov 2025.
- Richard Storrie, former Regional President EMEA, entered separate separation agreement on April 26, 2024.
- Glencore gains right to nominate an additional director to fill vacancy from Johnston's departure.
- Board determined not to award STIP payments for Nov 2022-Dec 2023 performance period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828811/000119312524138800/0001193125-24-138800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828811/000119312524138800/d826129d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-138800

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