LiqTech appoints David Kowalczyk as CFO and COO; interim CFO Price to step down March 1

LIQTECH INTERNATIONAL INC

David Kowalczyk appointed CFO and COO effective March 1, 2025; base salary DKK 2M (~$280K) plus up to 60% bonus and RSU program.
Phillip Massie Price steps down as interim CFO March 1; remains through April 30, receives 7 months' salary (~$98K) and $25K retention bonus.
Price gets accelerated vesting of 8,019 RSUs; resignation not due to any disagreement with the company.
Kowalczyk brings 20+ years experience from Novozymes, Hempel, PwC, and Nordea; holds dual master's degrees from Copenhagen Business School.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Phillip Massie Price

Interim Chief Financial Officer

LIQT · LIQTECH INTERNATIONAL INC

Effective: 2025-03-01
Successor: David Kowalczyk
Filed: January 31, 2025, 6:59 PM ET

On January 30, 2025, Phillip Massie Price and the Company mutually agreed that Mr. Price shall step down as Interim Chief Financial Officer of the Company, effective as of March 1, 2025, in connection with the appointment of Mr. Kowalczyk as Chief Financial Officer and Chief Operating Officer.

Appointed

David Kowalczyk

Chief Financial Officer and Chief Operating Officer

LIQT · LIQTECH INTERNATIONAL INC

Effective: 2025-03-01
Filed: January 31, 2025, 6:59 PM ET

On January 27, 2025, the board of directors (the “ Board ”) of Liqtech International, Inc. a Nevada corporation (the “ Company ”) appointed David Kowalczyk as Chief Financial Officer and Chief Operating Officer of the Company, effective March 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Phillip Massie Price departed as Interim Chief Financial Officer at LIQTECH INTERNATIONAL INC.

Action: stepped down
Role: Interim Chief Financial Officer

Exact text from the filing

On January 30, 2025, Phillip Massie Price and the Company mutually agreed that Mr. Price shall step down as Interim Chief Financial Officer of the Company, effective as of March 1, 2025, in connection with the appointment of Mr. Kowalczyk as Chief Financial Officer and Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Kowalczyk was appointed as Chief Financial Officer and Chief Operating Officer at LIQTECH INTERNATIONAL INC.

Action: appointed
Role: Chief Financial Officer and Chief Operating Officer

Exact text from the filing

On January 27, 2025, the board of directors (the “ Board ”) of Liqtech International, Inc. a Nevada corporation (the “ Company ”) appointed David Kowalczyk as Chief Financial Officer and Chief Operating Officer of the Company, effective March 1, 2025.

View on SEC.gov

LIQTECH INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001437749-25-002391

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