Aspen Aerogels Reports Director Changes and Compensation Updates
Ticker: ASPN · Form: 8-K · Filed: Sep 3, 2024 · CIK: 1145986
| Field | Detail |
|---|---|
| Company | Aspen Aerogels Inc (ASPN) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $515,000, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: ASPN
TL;DR
Aspen Aerogels (ASPN) filed an 8-K on Aug 30th, announcing board changes and executive compensation updates.
AI Summary
On August 30, 2024, Aspen Aerogels, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing includes the election of new directors and updates to the compensatory plans for its officers. Specific details regarding the new directors and the exact nature of the compensation changes are provided within the document.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance, impacting investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct risk impact unless specific financial implications are detailed.
Key Players & Entities
- Aspen Aerogels, Inc. (company) — Registrant
- August 30, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-36481 (company_id) — Commission File Number
- 04-3559972 (tax_id) — IRS Employer Identification No.
- 30 Forbes Road Building B, Northborough, Massachusetts 01532 (address) — Principal Executive Offices
- (508) 691-1111 (phone_number) — Registrant's Telephone Number
FAQ
What specific items are being reported in this 8-K filing by Aspen Aerogels, Inc.?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
On what date was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 30, 2024.
What is the exact name of the Registrant filing this report?
The exact name of the Registrant is Aspen Aerogels, Inc.
In which state was Aspen Aerogels, Inc. incorporated?
Aspen Aerogels, Inc. was incorporated in Delaware.
What is the principal executive office address for Aspen Aerogels, Inc.?
The principal executive office address is 30 Forbes Road Building B, Northborough, Massachusetts 01532.
Filing Stats: 1,652 words · 7 min read · ~6 pages · Grade level 14.6 · Accepted 2024-09-03 16:15:14
Key Financial Figures
- $515,000 — . Young's annual base salary remains at $515,000 per year, and Mr. Young remains eligibl
- $10,000 — ompany's reimbursement of not more than $10,000 of Mr. Young's reasonable legal fees in
Filing Documents
- aspn-20240830.htm (8-K) — 53KB
- aspn-ex10_1.htm (EX-10.1) — 276KB
- 0000950170-24-102825.txt ( ) — 486KB
- aspn-20240830.xsd (EX-101.SCH) — 24KB
- aspn-20240830_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1+ Amended and Restated Executive Employment Agreement, dated as of August 30, 2024, by and between the Company and Donald R. Young 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Management contract or compensatory plan or arrangement.
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. Aspen Aerogels, Inc. Date: September 3, 2024 By: /s/ Ricardo C. Rodriguez Name: Ricardo C. Rodriguez Title: Chief Financial Officer and Treasurer