8-K filed July 9, 2021, 7:59 PM ET ticker LQMT CIK 0001141240

leadership confidence high sentiment neutral materiality 0.65

Liquidmetal CEO Lugee Li resigns; Tony Chung named interim CEO, Isaac Bresnick President

LIQUIDMETAL TECHNOLOGIES INC

Professor Lugee Li resigns as CEO and President but remains Chairman; cites no disagreement.
Tony Chung appointed interim CEO; receives $240k salary, $20k signing bonus, and option for 7.5M shares at $0.07.
Isaac Bresnick appointed President; retains $154k salary; no employment agreement.
Option grant vests: 2.5M shares after 90 days (Tranche 1), 5M shares over two years (Tranche 2) with lock-up provisions.
Li mentions company readiness and travel restrictions as reasons for resignation.

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Professor Lugee Li

Chief Executive Officer

LQMT · LIQUIDMETAL TECHNOLOGIES INC

Effective: 2021-07-06
Successor: Tony Chung
Filed: July 9, 2021, 7:59 PM ET

On July 6, 2021, Professor Lugee Li (“Professor Li”) resigned as Chief Executive Officer and President of Liquidmetal Technologies, Inc. (the “Company”).

Departed

Professor Lugee Li

President

LQMT · LIQUIDMETAL TECHNOLOGIES INC

Effective: 2021-07-06
Successor: Isaac Bresnick
Filed: July 9, 2021, 7:59 PM ET

On July 6, 2021, Professor Lugee Li (“Professor Li”) resigned as Chief Executive Officer and President of Liquidmetal Technologies, Inc. (the “Company”).

Appointed

Isaac Bresnick

President

LQMT · LIQUIDMETAL TECHNOLOGIES INC

Effective: 2021-07-06
Filed: July 9, 2021, 7:59 PM ET

Additionally, the Board appointed Isaac Bresnick as the Company’s President.

Appointed (interim)

Tony Chung

interim Chief Executive Officer

LQMT · LIQUIDMETAL TECHNOLOGIES INC

Effective: 2021-07-06
Filed: July 9, 2021, 7:59 PM ET

On July 6, 2021, the Board appointed Tony Chung as the Company’s interim Chief Executive Officer, and in that capacity, he will serve as the Company’s principal executive officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Professor Lugee Li resigned as Chief Executive Officer at LIQUIDMETAL TECHNOLOGIES INC.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On July 6, 2021, Professor Lugee Li (“Professor Li”) resigned as Chief Executive Officer and President of Liquidmetal Technologies, Inc. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Professor Lugee Li resigned as President at LIQUIDMETAL TECHNOLOGIES INC.

Action: resigned
Role: President

Exact text from the filing

On July 6, 2021, Professor Lugee Li (“Professor Li”) resigned as Chief Executive Officer and President of Liquidmetal Technologies, Inc. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Isaac Bresnick was appointed as President at LIQUIDMETAL TECHNOLOGIES INC.

Action: appointed
Role: President

Exact text from the filing

Additionally, the Board appointed Isaac Bresnick as the Company’s President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tony Chung was appointed as interim Chief Executive Officer at LIQUIDMETAL TECHNOLOGIES INC.

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

On July 6, 2021, the Board appointed Tony Chung as the Company’s interim Chief Executive Officer, and in that capacity, he will serve as the Company’s principal executive officer.

View on SEC.gov

LIQUIDMETAL TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001437749-21-016725

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