Atlas Lithium Elects New Directors, Adjusts Compensation
Ticker: ATLX · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1540684
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Atlas Lithium adds 2 directors, updates exec pay. Board shakeup incoming.
AI Summary
Atlas Lithium Corporation announced on March 19, 2024, a change in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Mr. Carlos Eduardo de Lima and Mr. Fernando Marques Guilhen, to its Board. The filing also details compensatory arrangements for certain officers, though specific dollar amounts are not provided in this excerpt.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategy and leadership effectiveness.
Key Players & Entities
- Atlas Lithium Corporation (company) — Registrant
- Carlos Eduardo de Lima (person) — Newly Elected Director
- Fernando Marques Guilhen (person) — Newly Elected Director
- Nevada (jurisdiction) — State of Incorporation
- 001-41552 (company_id) — SEC File Number
FAQ
Who were the newly elected directors to Atlas Lithium's Board?
Mr. Carlos Eduardo de Lima and Mr. Fernando Marques Guilhen were elected as new directors to Atlas Lithium's Board.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on March 19, 2024.
What is Atlas Lithium Corporation's state of incorporation?
Atlas Lithium Corporation is incorporated in Nevada.
What is the SEC file number for Atlas Lithium Corporation?
The SEC file number for Atlas Lithium Corporation is 001-41552.
What specific items are covered in this 8-K filing regarding company personnel?
This 8-K filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 992 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-03-25 08:00:34
Key Financial Figures
- $0.001 — nge on Which Registered Common Stock, $0.001 par value ATLX The Nasdaq Stock Mar
- $1,449,000 — Company has paid to RTEK approximately $1,449,000. In connection with Mr. Talbot's appo
- $55,000 — t consisting of (i) a monthly salary of $55,000 and (ii) the following equity awards, w
- $0.01 — f the Company's common stock, par value $0.01 per share (the "Common Stock"), which s
Filing Documents
- form8-k.htm (8-K) — 40KB
- 0001493152-24-011075.txt ( ) — 211KB
- atlx-20240319.xsd (EX-101.SCH) — 3KB
- atlx-20240319_lab.xml (EX-101.LAB) — 33KB
- atlx-20240319_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. ATLAS LITHIUM CORPORATION Dated: March 25, 2024 By: /s/ Marc Fogassa Name: Marc Fogassa Title: Chief Executive Officer