L. Lynn Smull
In conjunction with the appointment of Mr. Agiri, on May 21, 2025, L. Lynn Smull stepped down as Chief Financial Officer of the Company.
Highest-materiality recent filing
Directors elected: James J. Barber (69.9M for, 5.1M withhold), Paul D. Bloom (72.5M for, 2.5M withhold), Patrick R. Gruber (66.5M for, 8.5M withhold).
Gevo Q1 revenue up 48% to $43M, Adj. EBITDA turns positive; targets $30M in 2026
Revenue $43M (+48% YoY); net loss $(22)M ($0.09/sh) flat; Adj. EBITDA $9M vs -$15M YoY.
Gevo enters consulting agreement with former CEO Patrick Gruber at $30k/month through March 2029
Consulting fee of $30,000/month to Patrick Gruber LLC, effective May 1, 2026 through March 31, 2029.
Gevo withdraws DOE loan guarantee application for ATJ-60 project in South Dakota
Withdrawal effective April 15, 2026; conditional commitment had been extended through April 2026.
Director Angelo Amorelli will not stand for re-election at Gevo's 2026 Annual Meeting
Angelo Amorelli informed the Board on March 11, 2026 that he will not stand for re-election.
GEVO reports Q4 positive operating cash flow of $20M; adj. EBITDA $7.7M; record ethanol production
Q4 positive operating cash flow of $20M; cash & equivalents rose to $117M (+$9M QoQ).
Gevo refinances debt, redeems $68M in bonds, frees $35.8M restricted cash
Redeemed all RNG-project bonds (~$68M total) including $40M Series 2025A and $28.2M Series 2021 bonds.
Gevo COO Ryan to retire June 2026; Hanselman hired as successor
Chris Ryan retires as President and COO effective June 5, 2026; Greg Hanselman hired as EVP Operations to succeed him.
Gevo CEO Patrick Gruber to retire Apr 1 2026; Paul Bloom named President, successor CEO
Paul Bloom appointed President and director effective Dec 9, 2025; will become CEO on Apr 1, 2026.
Gevo Q3 loss from ops $3.7M but Adjusted EBITDA +$6.7M; sells $30M CFPCs
Q3 2025: loss from ops $3.7M vs $24.0M YoY; second consecutive positive Adj. EBITDA at $6.7M.
Gevo units enter tax credit transfer agreements worth $30M with Stifel and Capital Community
Gevo subsidiary to sell $20M in Clean Fuel Production Credits to Stifel Financial; $14M transferred as of Oct 30, 2025.
Gevo receives DOE loan guarantee extension to April 2026; considers shift to smaller ATJ-30 project
DOE LPO extends conditional commitment for $1.46B loan guarantee (excl. $167M capitalized interest) until April 16, 2026.
Gevo subsidiary signs $26M carbon-credit sales pact with Biorecro through 2030
Net-Zero Richardton, LLC to sell ~$26M in carbon dioxide removal credits to Biorecro North America, quarterly over term ending Dec 31, 2030.
Gevo posts revised investor presentation; no material new information disclosed
Revised investor presentation uploaded to Gevo's website on September 9, 2025.
Gevo reports Q2 positive net income of $2.1M, Adjusted EBITDA $17.3M
Positive net income attributable to Gevo $2.1M ($0.01 EPS); Adjusted EBITDA $17.3M for Q2 2025.
Gevo RNG subsidiary issues $40M new bonds, refinances debt, releases $30M liquidity
Gevo NW Iowa RNG issued $40M in 2025 bonds (8.125%-8.5%) to refinance $40M of the $68.2M Series 2021 bonds.
Gevo subsidiary signs $22M tax credit transfer agreement with bank
Transferor Gevo Intermediate HoldCo will sell $22M in Clean Fuel Production Credits (45Z PTCs) by Dec 10, 2025; $5M transferred at signing.
L. Lynn Smull stepped down as CFO on May 21, 2025; replaced by Oluwagbemileke (Leke) Agiri, former EVP Finance; Smull remains as EVP and Senior Advisor.
Revenue $30.9M (incl. interest/ investment income), up $25M YoY largely from Gevo North Dakota acquisition closed Jan 31, 2025.
Gevo closes $208M Red Trail Energy acquisition; pro forma net loss $111.5M for 2024
Cash consideration of $208.4M for substantially all assets of Red Trail Energy, closed Jan 31, 2025.
Gevo signs 5-year SAF credit supply deal with Future Energy for 10M gallons/year
Gevo Net-Zero 1 subsidiary agrees to supply Scope 1 & 3 credits from 10M gallons/year of SAF.
Gevo Q4 2024 net loss $0.08/share; loss from ops $19.6M; cash $259M
Cash, cash equivalents and restricted cash $259.0M at Dec 31, 2024.
Gevo receives court validation of 2013/2014 share authorization increases
Delaware Court of Chancery granted petition validating 2013 amendment increasing common shares from 100M to 150M and preferred from 5M to 10M.
Gevo closes $210M acquisition of Red Trail Energy assets, expects $30-60M annual adjusted EBITDA
Acquired ethanol plant, CCS assets, and pore space in Richardton, ND for $210M, subject to adjustments.
Stockholder letter questioned 2013/2014 proxy disclosures on broker voting; company filed §205 petition Dec. 3, 2024.
Gevo appoints new principal accounting officer after VP retires
VP Accounting & Treasurer Alisher Nurmat retiring Nov 21, 2024; will assist transition.
Gevo reports Q3 loss per share $0.09; secures $1.6B DOE loan guarantee for NZ1
DOE conditional commitment for $1.6B loan guarantee for Net-Zero 1 SAF project in South Dakota.
Gevo secures $1.46B conditional DOE LPO loan commitment for Net-Zero 1 SAF plant
DOE LPO conditional commitment for loan guarantee up to $1.46B ($1.63B with capitalized interest) for NZ1 in Lake Preston, SD.
Gevo regains Nasdaq minimum bid price compliance; delisting risk resolved
Received Nasdaq notice on Sept 27, 2024 that it regained compliance with Listing Rule 5550(a)(2).
Gevo acquires CultivateAI for $6M cash to boost Verity carbon-accounting business
Acquisition of CultivateAI for $6M cash plus earn-out; target's 2024 revenue expected at $1.7M and positive cash flow.
Gevo acquires Red Trail Energy ethanol and CCS assets for $210M
Purchase price of $210M for 65M gal/yr ethanol plant and CCS facility with 1M ton/yr sequestration capacity.
Gevo receives Nasdaq extension until Feb 24, 2025 to meet $1.00 bid price rule
Nasdaq granted Gevo an additional 180 days, until February 24, 2025, to regain compliance with the $1.00 minimum bid price rule.
Gevo signs $12.4M supply deal with Shell for low-carbon racing fuel blendstock
Five batches of 2GFuel to Shell for total consideration of $12.4M.
Gevo amends CEO Gruber and Pres. Ryan agreements; adds pacts for officers Bloom, Bowron
CEO Gruber: $650k base salary, 100% target bonus, severance 24 months salary + 2x bonus, 18 months COBRA; single-trigger change-in-control vesting eliminated.
Gevo Q2 net loss $0.09/share; RNG EBITDA guidance cut; NZ1 DOE loan close targeted by year-end
Q2 loss from operations $24.0M; non-GAAP adjusted EBITDA loss $15.3M; net loss $0.09 per share.
Gevo dismisses Grant Thornton, appoints Deloitte as independent auditor for FY2024
Audit Committee dismissed Grant Thornton and appointed Deloitte effective June 3, 2024.
Andrew J. Marsh and Jaime Guillen elected as Class II directors with 64.4M and 67.4M votes for, respectively.
Gevo Q1 net loss $0.08 per share; rev+interest income $8.6M; cash $340.6M
Repurchased ~5.5M shares for $3.7M; $21.3M remaining under buyback program.
Gevo subsidiary remarkets $68.2M green bonds at 3.875%, expects positive cash flow contribution
Gevo NW Iowa RNG remarketed $68.2M Series 2021 Green Bonds; new rate 3.875% vs. prior 1.5%.
Gevo Q4 2023: revenue $4.4M, RNG cash EBITDA $1.3M positive, cash $375.6M
Q4 revenue $4.4M (biogas $0.2M + environmental attributes $4.2M); interest income brought combined total to $9.4M.
Gevo receives Nasdaq delisting notice for bid price below $1.00
Nasdaq notified Gevo on Feb 29, 2024 of non-compliance with Minimum Bid Price Rule 5550(a)(2).
Gevo 2024 outlook: RNG cash EBITDA $7-16M, NZ1 spend $125-175M, cash $376M
RNG non-GAAP cash EBITDA expected $7-16M in 2024, subject to CARB pathway approval.
Gevo appoints Katie Ellet, Air Liquide hydrogen executive, to Board of Directors
Katie Ellet appointed as Class III director effective Jan 2, 2024; term expires at 2025 annual meeting.
Gevo extends ethanol-to-jet collaboration exclusivity with Axens to March 22, 2024
Three-month extension of Initial Term under Master Framework Agreement, now ending March 22, 2024.
Gevo reports Q3 net loss of $0.07/share; RNG revenue $4.5M, cash $401M
Net loss per share $0.07; loss from operations $20.7M; non-GAAP cash EBITDA loss $11.6M.
Gevo appoints former bp clean energy leader Angelo Amorelli to Board
Appointment effective October 15, 2023; Amorelli named Class I director with term expiring at 2026 annual meeting.
Gevo CCO Timothy Cesarek resigns effective Sept 22, 2023
Timothy J. Cesarek, Chief Commercial Officer, resigned from Gevo, Inc., effective September 22, 2023.
Gevo Q2 2023 revenue $4.2M; loss per share $0.06; DOE invites Net-Zero 1 for $950M loan guarantee
Revenue of $4.2M, primarily $2.9M from RNG sales (77,789 MMBtu) and $1.3M from LG Chem licensing.
Gevo stockholders approve 15M share increase under 2010 Stock Plan at annual meeting
Stockholders approved amendment to increase authorized shares under 2010 Stock Incentive Plan by 15,000,000 shares.
Gevo Q1 rev $4.1M; net loss $0.07/sh; signs TAA with ADM/P66 for up to $125M payments
Revenue $4.1M vs $0.2M in Q1 2022; loss from operations $20.9M; cash EBITDA loss $11.6M.
In conjunction with the appointment of Mr. Agiri, on May 21, 2025, L. Lynn Smull stepped down as Chief Financial Officer of the Company.
appointed James J. Barber, Ph.D. to the Board as a Class II director
Following the Annual Meeting on May 21, 2025, Oluwagbemileke (Leke) Agiri was appointed as Chief Financial Officer of the Company to replace Mr. Smull, effective immediately.
On November 7, 2024, Alisher Nurmat announced his intention to retire from his position of Vice President Accounting and Treasurer (and principal accounting officer) of Gevo, Inc. (the “Company”), effective November 21, 2024.
On November 12, 2024, the Board of Directors of the Company (the “Board”) appointed Davaajargal (Sylvia) Gendenjamts as Vice President, Accounting and Treasurer of the Company, and also designated Ms. Gendenjamts as the Company’s principal accounting officer for SEC reporting purposes to succeed Mr. Nurmat, effective immediately.
Effective as of January 2, 2024, the Board of Directors (the “Board”) of Gevo, Inc. (“Gevo” or the “Company”) approved the appointment of Mary Kathryn (Katie) Ellet to the Board as a Class III director
Effective as of October 15, 2023, the Board of Directors (the “Board”) of Gevo, Inc. (“Gevo” or the “Company”) approved the appointment of Angelo Amorelli to the Board as a Class I director
On September 8, 2023, Timothy J. Cesarek, Chief Commercial Officer of Gevo, Inc. (the “Company), submitted his resignation from his role with the Company, effective September 22, 2023, as he has accepted an offer to serve as Chief Executive Officer of another company.
Effective as of January 5, 2023, the Board of Directors (the “Board”) of Gevo, Inc. (“Gevo” or the “Company”) approved the appointment of Carol J. Battershell to the Board as a Class III director
On March 4, 2022, Alisher Nurmat, the Vice President and Controller of Gevo, Inc. (the “Company), was appointed as the Principal Accounting Officer of the Company for Securities and Exchange Commission (“SEC”) reporting purposes.
On February 25, 2022, Carolyn Romero, the Chief Accounting Officer and Principal Accounting Officer of Gevo, Inc. (the “Company), communicated to the Company her intention to retire from the Company as of the close of business on March 4, 2022.
Effective August 1, 2021, the Board of Directors (the “Board”) of Gevo, Inc. (“Gevo” or the “Company”) approved the appointment of Jaime Guillen to the Board as a Class II director
Max materiality 0.85 · Median 0.65 · Most common event earnings