8-K filed July 11, 2022, 7:59 PM ET ticker FF CIK 0001337298

leadership confidence high sentiment neutral materiality 0.70

FutureFuel CEO retires July 31; McKinlay named CEO, board adds two directors including 39.9% owner

FutureFuel Corp.

CEO Tony Novelly retires as CEO effective July 31, 2022; remains Chairman. Thomas McKinlay, current COO, appointed as successor CEO.
Board expands to nine; P.A. Novelly (39.9% beneficial owner, son of Tony) and Ronald Kruszewski (CEO of Stifel Financial) appointed.
Disclosed related-party transactions with Apex entities in 2021: ~$81.1M expenses, ~$76.3M revenue; ongoing relationships with Pinnacle, Center Point, Clark, Enjet.
Kruszewski deemed independent per NYSE standards; compensation per non-employee director policy.

item 5.02 item 9.01

Executive movements

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

Departed

Paul A. Novelly

Chief Executive Officer

FF · FutureFuel Corp.

Effective: 2022-07-31
Successor: Thomas McKinlay
Filed: July 11, 2022, 7:59 PM ET

Paul A. Novelly (“Tony Novelly”), Chairman and Chief Executive Officer of FutureFuel Corp. (the “Company”) advised the Board of Directors (the “Board”) of the Company that he will retire as Chief Executive Officer of the Company, effective July 31, 2022

Appointed

Thomas McKinlay

Chief Executive Officer

FF · FutureFuel Corp.

Effective: 2022-08-01
Filed: July 11, 2022, 7:59 PM ET

The Board has named Thomas McKinlay as Chief Executive Officer of the Company, effective following Tony Novelly’s retirement.

Appointed

Paul Anthony Novelly, II

Director

FF · FutureFuel Corp.

Effective: 2022-07-08
Filed: July 11, 2022, 7:59 PM ET

appointed Paul Anthony Novelly, II (“P.A. Novelly”) and Ronald J. Kruszewski as directors to fill the two vacancies.

Appointed

Ronald J. Kruszewski

Director

FF · FutureFuel Corp.

Effective: 2022-07-08
Filed: July 11, 2022, 7:59 PM ET

appointed Paul Anthony Novelly, II (“P.A. Novelly”) and Ronald J. Kruszewski as directors to fill the two vacancies.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul A. Novelly retired as Chief Executive Officer at FutureFuel Corp..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Paul A. Novelly (“Tony Novelly”), Chairman and Chief Executive Officer of FutureFuel Corp. (the “Company”) advised the Board of Directors (the “Board”) of the Company that he will retire as Chief Executive Officer of the Company, effective July 31, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas McKinlay was appointed as Chief Executive Officer at FutureFuel Corp..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board has named Thomas McKinlay as Chief Executive Officer of the Company, effective following Tony Novelly’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Anthony Novelly, II was appointed as Director at FutureFuel Corp..

Action: appointed
Role: Director

Exact text from the filing

appointed Paul Anthony Novelly, II (“P.A. Novelly”) and Ronald J. Kruszewski as directors to fill the two vacancies.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald J. Kruszewski was appointed as Director at FutureFuel Corp..

Action: appointed
Role: Director

Exact text from the filing

appointed Paul Anthony Novelly, II (“P.A. Novelly”) and Ronald J. Kruszewski as directors to fill the two vacancies.

View on SEC.gov

FutureFuel Corp. filing history →

Source: SEC EDGAR

accession 0001437749-22-016934

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