Applied Energetics appoints Chris Donaghey as President and CEO; Quarles becomes CEO Emeritus

APPLIED ENERGETICS, INC.

Donaghey, previously COO/CFO, named CEO effective Nov 25, 2024; receives $400K salary and 1M stock options at $0.78/share.
Options vest upon annual revenue targets: 170K shares at $10M, 330K at $25M, 500K at $50M (cumulative).
Dr. Gregory Quarles resigned as President/CEO, transitions to CEO Emeritus under one-year term with monthly salary of $33,333 until Mar 2025 then $29,167.
Donaghey will continue as principal financial officer on an interim basis.

item 1.01 item 5.02 item 9.01

Executive movements

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Role change

Christopher Donaghey

President and Chief Executive Officer

AERG · APPLIED ENERGETICS, INC.

Effective: 2024-11-25
Filed: December 2, 2024, 6:59 PM ET

Applied Energetics has appointed Christopher Donaghey to serve as its President and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Donaghey was appointed as President and Chief Executive Officer at APPLIED ENERGETICS, INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Applied Energetics has appointed Christopher Donaghey to serve as its President and Chief Executive Officer.

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APPLIED ENERGETICS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-104612

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