secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001830033-23-000039
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle shareholders approve board declassification; director Scott resigns for health reasons
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- Shareholders approved declassifying the board, majority voting standard, and increasing authorized common shares.
- 8 directors elected to one-year terms; Dr. John Scott resigned effective May 12 due to health issues.
- Proposal 4 to increase authorized shares passed with 124M votes for, 4.7M against.
- Grant Thornton LLP ratified as auditor for fiscal 2023 with 129M votes for.
- Advisory say-on-pay approved with 108M votes for; frequency set at one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000183003323000039/0001830033-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000183003323000039/pct-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001830033-23-000039

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