AquaBounty promotes David F. Melbourne Jr. to President; Wulf becomes Board Chair & remains CEO

AQUABOUNTY TECHNOLOGIES INC

David F. Melbourne Jr. promoted to President effective August 14, 2023; replaces Sylvia Wulf who remains CEO and becomes Board Chair.
Melbourne's Employment Agreement: base salary $375,000; annual bonus up to 40% of base; severance of one year salary.
Melbourne will oversee day-to-day operations including U.S. and Canada farms, R&D, quality, people, commercial.
Wulf to focus on strategic initiatives: investor relations, financing for Ohio Farm, business development, geographic/species expansion.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

David F. Melbourne Jr.

President

AQB · AQUABOUNTY TECHNOLOGIES INC

Effective: 2023-08-14
Filed: August 14, 2023, 7:59 PM ET

On August 11, 2023, the Board appointed Mr. Melbourne, 57 as the President of the Company, effective as of August 14, 2023.

Role change

Sylvia Wulf

Board Chair and Chief Executive Officer

AQB · AQUABOUNTY TECHNOLOGIES INC

Effective: 2023-08-14
Successor: David F. Melbourne Jr.
Filed: August 14, 2023, 7:59 PM ET

Ms. Wulf therefore resigns as President and continues as AquaBounty's Chief Executive Officer and Board Chair.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David F. Melbourne Jr. was appointed as President at AQUABOUNTY TECHNOLOGIES INC.

Action: promoted
Role: President

Exact text from the filing

On August 11, 2023, the Board appointed Mr. Melbourne, 57 as the President of the Company, effective as of August 14, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sylvia Wulf was appointed as Board Chair and Chief Executive Officer at AQUABOUNTY TECHNOLOGIES INC.

Action: appointed Board Chair
Role: Board Chair and Chief Executive Officer

Exact text from the filing

Ms. Wulf therefore resigns as President and continues as AquaBounty's Chief Executive Officer and Board Chair.

View on SEC.gov

AQUABOUNTY TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001603978-23-000038

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