---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-027570"
form_type: "8-K"
ticker: "LIQT"
cik: "0001307579"
company_name: "LIQTECH INTERNATIONAL INC"
filed_at: "2021-11-30T23:59:59+00:00"
generated_at: "2026-06-28T04:47:35.737359+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-21-027570
- form_type: 8-K
- ticker: LIQT
- cik: 0001307579
- company_name: LIQTECH INTERNATIONAL INC
- filed_at: 2021-11-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1307579/000143774921027570/0001437749-21-027570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1307579/000143774921027570/liqt20211130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-027570
- JSON: https://secwatch.observer/filing/0001437749-21-027570.json
- Plain text: https://secwatch.observer/filing/0001437749-21-027570.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1307579/000143774921027570/0001437749-21-027570-index.htm
- Executive change
  Simon Stadil was appointed as Chief Financial Officer at LIQTECH INTERNATIONAL INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1307579/000143774921027570/0001437749-21-027570-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.