LiqTech appoints Simon Stadil as CFO effective Dec 1, 2021; predecessor Toftegaard moves to project role

LIQTECH INTERNATIONAL INC

Simon Stadil named CFO; previously VP Global Finance at Welltec (~$250M revenue).
Annual base salary of ~$255,000 (DKK 1,700,000) plus pension (company 10%, employee 5%).
Eligible for annual bonus up to 50% of salary (~$128,000) and RSU grant valued at ~$128,000.
Claus Toftegaard resigned as CFO effective Nov 23, 2021, to serve as Director of Project Expansion in China and Denmark.
Offer letter details additional benefits: company car, mobile, computer, health insurance.

item 5.02 item 9.01

Executive movements

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

Role change

Claus Toftegaard

Director of Project Expansion in China and Denmark

LIQT · LIQTECH INTERNATIONAL INC

Effective: 2021-11-23
Successor: Simon Stadil
Filed: November 30, 2021, 6:59 PM ET

Claus Toftegaard, predecessor to Mr. Stadil, stepped down from his position effective as of November 23, 2021 to serve the Company as Director of Project Expansion in China and Denmark.

Appointed

Simon Stadil

Chief Financial Officer

LIQT · LIQTECH INTERNATIONAL INC

Effective: 2021-12-01
Filed: November 30, 2021, 6:59 PM ET

On November 23, 2021, LiqTech International, Inc. (the “ Company ”) announced the appointment of Simon Stadil to serve as Chief Financial Officer of the Company (the “ Appointment ”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Claus Toftegaard changed role as Director of Project Expansion in China and Denmark at LIQTECH INTERNATIONAL INC.

Action: stepped down
Role: Director of Project Expansion in China and Denmark

Exact text from the filing

Claus Toftegaard, predecessor to Mr. Stadil, stepped down from his position effective as of November 23, 2021 to serve the Company as Director of Project Expansion in China and Denmark.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Simon Stadil was appointed as Chief Financial Officer at LIQTECH INTERNATIONAL INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 23, 2021, LiqTech International, Inc. (the “ Company ”) announced the appointment of Simon Stadil to serve as Chief Financial Officer of the Company (the “ Appointment ”).

View on SEC.gov

LIQTECH INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001437749-21-027570

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