Atomera Inc. CFO Departs, Interim Appointed
Ticker: ATOM · Form: 8-K · Filed: Jan 28, 2025 · CIK: 1420520
| Field | Detail |
|---|---|
| Company | Atomera Inc (ATOM) |
| Form Type | 8-K |
| Filed Date | Jan 28, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $300,000, $3.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-departure, interim-appointment
TL;DR
CFO out, interim in at Atomera. Keep an eye on financials.
AI Summary
Atomera Incorporated announced on January 22, 2025, the departure of its Chief Financial Officer, Scott Smith. The company also reported the appointment of David L. Gorder as interim CFO. Additionally, Atomera disclosed compensatory arrangements for certain officers, though specific details on these arrangements were not provided in this excerpt.
Why It Matters
A change in CFO can signal shifts in financial strategy or stability, impacting investor confidence and operational direction.
Risk Assessment
Risk Level: medium — CFO departures and interim appointments can introduce uncertainty regarding financial leadership and strategy.
Key Players & Entities
- Atomera Incorporated (company) — Registrant
- Scott Smith (person) — Departing Chief Financial Officer
- David L. Gorder (person) — Interim Chief Financial Officer
- January 22, 2025 (date) — Date of earliest event reported
FAQ
Who has been appointed as the interim Chief Financial Officer of Atomera Inc.?
David L. Gorder has been appointed as the interim Chief Financial Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on January 22, 2025.
What was the previous name of Atomera Inc.?
The previous name was MEARS TECHNOLOGIES INC.
What is Atomera Inc.'s Standard Industrial Classification code?
Atomera Inc.'s SIC code is 3674, for SEMICONDUCTORS & RELATED DEVICES.
What is the business address of Atomera Inc.?
The business address is 750 University Avenue, Suite 280, Los Gatos, California 95032.
Filing Stats: 646 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2025-01-28 16:02:10
Key Financial Figures
- $0.001 — ch registered Common stock: Par value $0.001 ATOM Nasdaq Capital Markets Indi
- $300,000 — Thomas is paid a base annual salary of $300,000 and is eligible to receive an annual bo
- $3.50 — ur common stock at an exercise price of $3.50 per share. The options vest and first b
Filing Documents
- atomera_8k.htm (8-K) — 25KB
- 0001683168-25-000567.txt ( ) — 197KB
- atom-20250122.xsd (EX-101.SCH) — 3KB
- atom-20250122_lab.xml (EX-101.LAB) — 33KB
- atom-20250122_pre.xml (EX-101.PRE) — 24KB
- atomera_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 22, 2025, Shawn Thomas was appointed to serve as our Vice President of Marketing and Business Development. Mr. Thomas commenced his employment with Atomera in July 2024 and served in the area of marketing and business development under the direction of our President and Chief Executive Officer. On January 22, 2025, we elevated Mr. Thomas to an executive officer position with principal responsibility for marketing and business development. From 2020 to 2024, Mr. Thomas served as Senior Director at Applied Materials, where he led development within the epitaxy business unit, with a focus on advanced node customers, a key area of interest for Atomera. Prior to his tenure at Applied Materials, Mr. Thomas was Director of Thermal Processes and SOI R&D at GlobalWafers from 2012 to 2020 focusing on 200mm and 300mm silicon-on-insulator substrate development. He has also held leadership and engineering roles at ASM and Motorola, respectively. Mr. Thomas is paid a base annual salary of $300,000 and is eligible to receive an annual bonus of up to 40% of his base salary based on his satisfaction of certain performance conditions established by the compensation committee of our board of directors. On July 25, 2024, in connection with his commencement of employment at Atomera, we also granted Mr. Thomas options to purchase up to 166,784 shares of our common stock at an exercise price of $3.50 per share. The options vest and first become exercisable over four years in equal quarterly installments, with a one-year cliff. Mr. Thomas' employment terms also include standard health and vacation benefits. In connection with his employment, Mr. Thomas entered into an intellectual property assignment and confidentiality agreement that is customary in our industry. 2
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. ATOMERA INCORPORATED Dated: January 28, 2025 /s/ Francis B. Laurencio Francis B. Laurencio, Chief Financial Officer 3