secwatch.observer — SEC 8-K summary
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Issuer:     374Water Inc. (SCWO)
CIK:        0000933972
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001654954-24-004965
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 5.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

374Water appoints Chris Gannon as CEO; base salary $450K, equity awards of 7.5M shares
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- Effective April 22, 2024; Gannon receives $450K annual salary with target bonus of 125% of base.
- Granted 2,250,000 RSUs and 5,250,000 options under 2021 Equity Incentive Plan, vesting over time and milestones.
- Gannon was former CEO of Energy Recovery (ERII), where he quadrupled market cap and tripled revenue.
- Company preparing commercial-grade AirSCWO6 deployments at Orange County Sanitation District and Orlando's Iron Bridge facility.
- Continuing DoD partnerships for PFAS/AFFF destruction testing and other waste destruction engagements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933972/000165495424004965/0001654954-24-004965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933972/000165495424004965/scwo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004965

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