secwatch.observer — SEC 8-K summary
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Issuer:     Global Clean Energy Holdings, Inc. (—)
CIK:        0000748790
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007979
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Clean Energy Holdings CEO Richard Palmer Retires; Noah Verleun Appointed Interim CEO
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- Richard Palmer retired as CEO on Feb 23, 2024, but remains on the Board of Directors.
- Separation agreement includes salary continuation of $350k/year for 14 months and accrued unpaid salary/bonus of $1,049,430.
- Noah Verleun, previously President, named interim CEO effective Feb 23, 2024, with annual salary of $450,000.
- Bakersfield Renewable Fuels facility expects to complete commissioning and begin commercial operations in Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/748790/000162828024007979/0001628280-24-007979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/748790/000162828024007979/gceh-20240223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer