FREYR Battery terminates CLO Are Brautaset effective Sept 30, 2024; searching for US-based replacement

T1 Energy Inc.

Are Brautaset's employment as CLO ends Sept 30, 2024; he will serve as special advisor until Oct 31, 2024.
Severance payment of NOK 3,617,408 (~$340k) and accelerated vesting of all options exercisable for 3 months post-termination.
Company cites strategic re-domiciliation to US as reason; board decided termination on June 26, 2024.
Separation agreement includes mutual release, confidentiality, and non-disparagement; company confirms no wrongdoing by Brautaset.

item 5.02 item 9.01

Executive movements

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Departed

Are L. Brautaset

Chief Legal Officer

TE · T1 Energy Inc.

Effective: 2024-09-30
Filed: September 10, 2024, 7:59 PM ET

notified Are L. Brautaset, Chief Legal Officer ("CLO"), that his employment with the Company will terminate effective September 30, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Are L. Brautaset was terminated as Chief Legal Officer at T1 Energy Inc..

Action: terminated
Role: Chief Legal Officer

Exact text from the filing

notified Are L. Brautaset, Chief Legal Officer ("CLO"), that his employment with the Company will terminate effective September 30, 2024

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T1 Energy Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-077363

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