secwatch.observer — SEC 8-K summary
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Issuer:     FREYR Battery (—)
CIK:        0001844224
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001844224-23-000046
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FREYR Battery appoints Birger Steen as CEO; founder Sjøtveit retires, Jensen becomes Executive Chair
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844224/000184422423000046/0001844224-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844224/000184422423000046/frey-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001844224-23-000046

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