8-K
filed August 10, 2023, 7:59 PM ET
CIK 0001844224
leadership
confidence high
sentiment neutral
materiality 0.65
FREYR Battery appoints Birger Steen as CEO; founder Sjøtveit retires, Jensen becomes Executive Chair
FREYR Battery
- Founder Executive Chair Torstein Dale Sjøtveit retired Aug 9; co-founder Tom Einar Jensen appointed Executive Chair.
- Birger Steen appointed CEO effective Aug 21 (ex-Microsoft/Parallels); also joins Board same date.
- Jensen enters consultancy: $30K/month, 250K options, up to NOK 5.95M bonus tied to Giga America financing by Dec 31, 2023.
- Jensen's Transition Agreement awards 566,667 options (vesting Sept 30, 2023 and June 1, 2024) upon amended performance measures.
- Lori A. Papp, previously VP Financial Reporting, appointed Chief Accounting Officer effective July 1, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tom Einar Jensen was terminated as Chief Executive Officer at FREYR Battery.
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
the Company announced that Mr. Jensen will terminate his employment as CEO on August 21, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tom Einar Jensen was appointed as Executive Chair of the Board at FREYR Battery.
- Action
- appointed
- Role
- Executive Chair of the Board
Exact text from the filing
the Company appointed Tom Einar Jensen, Chief Executive Officer (“CEO”) and Director of the Company, as Executive Chair of the Board, effective concurrently with Mr. Sjøtveit’s retirement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Torstein Dale Sjøtveit resigned as Executive Chair of the Board of Directors at FREYR Battery.
- Action
- resigned
- Role
- Executive Chair of the Board of Directors
Exact text from the filing
On August 9, 2023, Torstein Dale Sjøtveit submitted his formal resignation and retirement as Executive Chair of the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Birger Steen was appointed as Chief Executive Officer at FREYR Battery.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
will serve as the CEO of the Company, effective as of the Transition Date
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Birger Steen was appointed as member of the Board of Directors at FREYR Battery.
- Action
- appointed
- Role
- member of the Board of Directors
Exact text from the filing
the Company appointed Birger Steen as a member of the Company’s Board of Directors, effective immediately
View on SEC.gov
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