Advent Technologies Amends 8-K on Officer/Director Changes
Ticker: ADNH · Form: 8-K/A · Filed: Jan 17, 2024 · CIK: 1744494
Complexity: simple
Sentiment: neutral
Topics: amendment, corporate-governance, executive-changes
TL;DR
**Advent Technologies just amended an 8-K about executive changes, so keep an eye out for details on leadership or pay shifts.**
AI Summary
Advent Technologies Holdings, Inc. filed an 8-K/A on January 17, 2024, amending a previous report from January 5, 2024. This amendment, labeled as Amendment No. 1, clarifies or updates information related to the departure or election of directors or officers, and their compensatory arrangements. While specific details of the changes are not provided in this excerpt, it signals that there were adjustments to executive or board-level personnel or their pay structures. This matters to investors because changes in leadership or compensation can impact a company's strategic direction, operational stability, and financial health, potentially affecting stock performance.
Why It Matters
This filing indicates a correction or update to previously reported information regarding leadership or executive compensation, which can influence investor confidence and the company's future direction.
Risk Assessment
Risk Level: low — This 8-K/A is an amendment to a previous filing, suggesting a clarification rather than a new, significant event, thus posing a low immediate risk.
Analyst Insight
Investors should look for the original 8-K from January 5, 2024, and any subsequent detailed amendments to understand the specific changes in leadership or compensation and assess their potential impact on the company's future.
Key Players & Entities
- ADVENT TECHNOLOGIES HOLDINGS, INC. (company) — the registrant filing the 8-K/A
- January 05, 2024 (date) — date of the earliest event reported in the original 8-K
- January 17, 2024 (date) — date the 8-K/A was filed
- 001-38742 (other) — Commission File Number for Advent Technologies Holdings, Inc.
- 500 Rutherford Avenue, Suite 102 Boston, MA 02129 (other) — principal executive offices address
FAQ
What is the purpose of this 8-K/A filing by Advent Technologies Holdings, Inc.?
This 8-K/A is an Amendment No. 1 to a Current Report, filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934, specifically addressing 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as per the Item Information.
What was the original date of the event being reported or amended by this filing?
The 'Date of Report (Date of earliest event reported)' is January 05, 2024, indicating the original event occurred on this date.
When was this specific 8-K/A amendment filed with the SEC?
This 8-K/A was 'FILED AS OF DATE: 20240117', which is January 17, 2024.
What is the Commission File Number for Advent Technologies Holdings, Inc.?
The Commission File Number for Advent Technologies Holdings, Inc. is 001-38742.
What is the business phone number for Advent Technologies Holdings, Inc.?
The registrant's telephone number, including area code, is (617) 655-6000, as stated in the filing.
Filing Stats: 647 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-01-17 17:30:11
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share ADN The Nasdaq Stock Mark
- $11.50 — mon stock, each at an exercise price of $11.50 ADNWW The Nasdaq Stock Market LLC
- $275,000 — n will receive an annual base salary of $275,000 and the opportunity to earn a performan
Filing Documents
- adventtech_8ka.htm (8-K/A) — 36KB
- 0001829126-24-000247.txt ( ) — 251KB
- adn-20240105.xsd (EX-101.SCH) — 4KB
- adn-20240105_def.xml (EX-101.DEF) — 26KB
- adn-20240105_lab.xml (EX-101.LAB) — 36KB
- adn-20240105_pre.xml (EX-101.PRE) — 25KB
- adventtech_8ka_htm.xml (XML) — 6KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Chief Financial Officer Appointment On January 10, 2024, the Board of Directors of the Company (the "Board") appointed Naiem Hussain, 56, the Company's current Chief Investment Officer, to serve as Chief Financial Officer of the Company, pending the completion of the Company's hiring protocols. The Company entered into an offer letter with Mr. Hussain pursuant to which Mr. Hussain will receive an annual base salary of $275,000 and the opportunity to earn a performance-based bonus each year. Mr. Hussain will also be eligible to participate in the Company's equity awards plan, with his grants approved by the compensation committee of the Board. Mr. Hussain has served as a senior consultant (including as Chief Investment Officer) to Advent beginning in June 2021. From 2017 to 2021 Mr. Hussain was co-founder and then served as senior advisor to Assuracc, where he was involved with financial reporting and M&A support services for both public and private companies. Mr. Hussain has been a Chartered Accountant since 1997 and obtained his fellowship from the ICAEW in 2020. In addition, Mr. Hussain has studied at the University of Manchester in Applied and Computational Chemistry and also at the University of Oxford. 1
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. Dated: January 17, 2024 Advent Technologies Holdings, Inc. By: /s/ Vassilios Gregoriou Name: Vassilios Gregoriou Title: Chairman and Chief Executive Officer 2