Alternus Clean Energy Reports Director/Officer Changes
Ticker: ALCE · Form: 8-K · Filed: Jan 28, 2025 · CIK: 1883984
| Field | Detail |
|---|---|
| Company | Alternus Clean Energy, INC. (ALCE) |
| Form Type | 8-K |
| Filed Date | Jan 28, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance
TL;DR
Alternus Clean Energy shakes up board and execs, watch for compensation details.
AI Summary
Alternus Clean Energy, Inc. filed an 8-K on January 28, 2025, reporting changes related to its directors and officers, including their departure, election, and appointment, as well as updates to compensatory arrangements for certain officers. The company, formerly known as Clean Earth Acquisitions Corp., is incorporated in Delaware and headquartered in New York City.
Why It Matters
Changes in key leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, especially if numerous or sudden, can indicate internal instability or strategic realignments that may carry risks.
Key Players & Entities
- Alternus Clean Energy, Inc. (company) — Registrant
- Clean Earth Acquisitions Corp. (company) — Former company name
- January 28, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- New York City (location) — Principal executive office location
FAQ
What specific changes were made regarding directors and officers?
The filing indicates the departure of directors, election of new directors, and appointment of certain officers, along with updates to compensatory arrangements for certain officers.
When was this report filed and what is the earliest event date?
The report was filed on January 28, 2025, and the earliest event reported is also dated January 28, 2025.
What was Alternus Clean Energy, Inc. previously named?
The company was formerly known as Clean Earth Acquisitions Corp.
In which state is Alternus Clean Energy, Inc. incorporated?
Alternus Clean Energy, Inc. is incorporated in Delaware.
Where are Alternus Clean Energy, Inc.'s principal executive offices located?
The principal executive offices are located at 17 State Street, Suite 4000, New York City, New York, 10004.
Filing Stats: 1,015 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2025-01-28 10:12:54
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share ALCE The Nasdaq Stock Mar
Filing Documents
- ea0228931-8k_alternus.htm (8-K) — 39KB
- 0001213900-25-007284.txt ( ) — 212KB
- alce-20250128.xsd (EX-101.SCH) — 3KB
- alce-20250128_lab.xml (EX-101.LAB) — 33KB
- alce-20250128_pre.xml (EX-101.PRE) — 22KB
- ea0228931-8k_alternus_htm.xml (XML) — 4KB
02
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (a) Departure of Director On January 28, 2025, John McQuillan, a Class I director of Alternus Clean Energy, Inc. (the "Company"), notified the Company that they will resign from the Company's Board of Directors (the "Board") effective immediately. Mr. McQuillan's decision to resign from the Board is solely for personal reasons and is not the result of any disagreement with the Company's operations, policies or procedures, or any disagreements in respect of accounting principles or financial statement disclosure. (b) Election of Director On January 28, 2025, Rolf S. Wikborg was elected to the Board effective immediately. The Board assessed the independence of Mr. Wikborg under the Company's Corporate Governance Guidelines and the independence standards under Nasdaq rules and has determined that Mr. Wikborg is independent. Along with their appointment, Mr. Wikborg was appointed to serve on the Audit Committee, as well as the Chair of the Compensation Committee, and as a member of the Nominating and Corporate Governance Committee of the Company, effective immediately. Mr. Wikborg will serve as an independent director until the Company's 2025 annual meeting of stockholders. Mr, Wikborg has significant experience in renewable energy and energies in general. He is currently Chairman of Norhybrid a Norwegian based manufacturer of vertical industrial wind turbines. He is also chair of Carbon Value Technologies and a Director of a Fintech company, FutureXchange. From 2020 to 2024 he has been a partner with Greenlight Group, a fund that holds a variety of investments in solar, wind, battery management systems, black pellets and biogas. He has also been involved in some of the most CO2 reducing maritime projects with dual fuel, batteries and wind assisted ships.Mr. Wikborg also served, from 2007 to 2015, as Direct
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 28, 2025 ALTERNUS CLEAN ENERGY, INC. By: /s/ Vincent Browne Name: Vincent Browne Title: Chief Executive Officer, Interim Chief Financial Officer and Chairman of the Board of Directors 2