ABTC Elects New Directors, Updates Executive Compensation
Ticker: ABAT · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1576873
Sentiment: neutral
Topics: board-changes, executive-compensation, personnel
TL;DR
ABTC adds two directors, inks new pay deals for CEO/COO.
AI Summary
American Battery Technology Company (ABTC) announced on January 6, 2025, a significant update regarding its board of directors and executive compensation. The company elected two new directors, Ms. Jennifer M. Johnson and Mr. David L. Johnson, to its board, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Ryan Melsert, and Chief Operating Officer, Mr. Cameron M. Thorne, detailing their compensation packages.
Why It Matters
The appointment of new directors and revised executive compensation can signal strategic shifts or confidence in leadership, potentially impacting investor sentiment and future company performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty or reflect strategic realignments that may carry inherent risks.
Key Numbers
- January 6, 2025 — Report Date (Date of earliest event reported)
Key Players & Entities
- AMERICAN BATTERY TECHNOLOGY COMPANY (company) — Registrant
- Jennifer M. Johnson (person) — Newly Elected Director
- David L. Johnson (person) — Newly Elected Director
- Ryan Melsert (person) — Chief Executive Officer
- Cameron M. Thorne (person) — Chief Operating Officer
- Nevada (jurisdiction) — State of Incorporation
FAQ
Who were the newly elected directors of American Battery Technology Company?
Ms. Jennifer M. Johnson and Mr. David L. Johnson were elected as new directors.
What is the effective date of the new director appointments?
The new directors were elected effective January 6, 2025.
Which executive officers entered into new employment agreements?
The Chief Executive Officer, Mr. Ryan Melsert, and the Chief Operating Officer, Mr. Cameron M. Thorne, entered into new employment agreements.
What is the company's state of incorporation?
The company is incorporated in Nevada.
What is the filing date of this 8-K report?
The report was filed as of January 10, 2025.
Filing Stats: 1,023 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2025-01-10 17:00:49
Key Financial Figures
- $0.001 — nge on Which Registered Common stock, $0.001 par value ABAT The Nasdaq Stock Mar
- $120,000 — icipant and the amount involved exceeds $120,000, and in which any related person had or
- $190,000 — y will receive an annual base salary of $190,000. In addition, Mr. McGarry is eligible t
Filing Documents
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- 0001493152-25-001774.txt ( ) — 19176KB
- abat-20250106.xsd (EX-101.SCH) — 3KB
- abat-20250106_lab.xml (EX-101.LAB) — 33KB
- abat-20250106_pre.xml (EX-101.PRE) — 24KB
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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: January 10, 2025 By: /s/ Ryan Melsert Ryan Melsert Chief Executive Officer