secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2026-01-08T23:59:59+00:00
Accession:  0001437749-26-000892
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Industries appoints Spencer Hart as CFO; receives 1M options at $1.02
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- Spencer Hart appointed CFO effective Jan 15, 2026; remains board member.
- Base salary $200,000; annual cash incentive up to 75% of base salary.
- Received 1M stock options at $1.02; vests over 5 years with acceleration if India plant produces 12,500 MT quarterly.
- Severance: 10 months base salary, prorated bonus, full option vesting if terminated without cause.
- Board loses independent majority; company qualifies as controlled company under Nasdaq rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000143774926000892/0001437749-26-000892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000143774926000892/loop20260108_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-000892

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