ABTC Appoints New CFO, Grants Stock Options
Ticker: ABAT · Form: 8-K · Filed: Mar 18, 2024 · CIK: 1576873
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
ABTC names Ryan Mullan CFO, gives him 100k stock options, base $250k salary. Big moves for battery tech.
AI Summary
American Battery Technology Company (ABTC) announced on March 15, 2024, the appointment of Ryan M. S. P. Mullan as Chief Financial Officer. Mullan, who previously served as the company's Controller and Chief Accounting Officer, will receive an annual base salary of $250,000, along with a stock option grant of 100,000 shares of common stock. This appointment is part of the company's ongoing efforts to strengthen its financial leadership as it advances its battery recycling and manufacturing initiatives.
Why It Matters
The appointment of a new CFO with stock options signals a commitment to financial stability and growth, potentially boosting investor confidence as the company scales its operations.
Risk Assessment
Risk Level: medium — The appointment of a new CFO and stock option grants can introduce both opportunities for growth and potential dilution or compensation-related risks.
Key Numbers
- $250,000 — CFO Annual Salary (Base compensation for the newly appointed CFO.)
- 100,000 — CFO Stock Options (Equity incentive granted to the new CFO.)
Key Players & Entities
- American Battery Technology Company (company) — Registrant
- Ryan M. S. P. Mullan (person) — Appointed Chief Financial Officer
- $250,000 (dollar_amount) — Annual base salary for CFO
- 100,000 (dollar_amount) — Stock option grant for CFO
- March 15, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of American Battery Technology Company?
Ryan M. S. P. Mullan has been appointed as the new Chief Financial Officer.
What is the annual base salary for the new CFO?
The annual base salary for Ryan M. S. P. Mullan is $250,000.
How many stock options has the new CFO been granted?
The new CFO has been granted a stock option grant of 100,000 shares of common stock.
What was Ryan M. S. P. Mullan's previous role at the company?
Ryan M. S. P. Mullan previously served as the company's Controller and Chief Accounting Officer.
On what date was this appointment reported?
This appointment was reported on March 18, 2024, with the earliest event reported on March 15, 2024.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-03-18 08:30:25
Key Financial Figures
- $0.001 — nge on Which Registered Common stock, $0.001 par value ABAT The Nasdaq Stock Mar
- $2.00 — year expiration at an exercise price of $2.00 per share in lieu of $150,000 in cash c
- $150,000 — ise price of $2.00 per share in lieu of $150,000 in cash compensation. The RSUs and warr
- $23,000 — ise price of $2.00 per share in lieu of $23,000 in cash compensation. The RSUs and warr
- $100,000 — ise price of $2.00 per share in lieu of $100,000 in cash compensation. The RSUs and warr
Filing Documents
- form8-k.htm (8-K) — 44KB
- ex10-1.htm (EX-10.1) — 7KB
- ex10-2.htm (EX-10.2) — 11KB
- ex10-3.htm (EX-10.3) — 7KB
- 0001493152-24-010201.txt ( ) — 245KB
- abat-20240315.xsd (EX-101.SCH) — 3KB
- abat-20240315_lab.xml (EX-101.LAB) — 33KB
- abat-20240315_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN BATTERY TECHNOLOGY COMPANY Date: March 18, 2024 By: /s/ Ryan Melsert Ryan Melsert Chief Executive Officer