Beam Global Announces Executive and Board Changes
Ticker: BEEM · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1398805
| Field | Detail |
|---|---|
| Company | Beam Global (BEEM) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $18,750 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors
TL;DR
Beam Global shakes up exec team & board on Jan 20, 2025. Watch for strategy shifts.
AI Summary
Beam Global announced on January 20, 2025, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for its officers. Specific names and dollar amounts related to these changes were not detailed in the provided excerpt.
Why It Matters
Changes in leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and execution, warranting closer monitoring by investors.
Key Players & Entities
- Beam Global (company) — Registrant
- Envision Solar International, Inc. (company) — Former Company Name
- Casita Enterprises, Inc. (company) — Former Company Name
FAQ
What specific roles have been affected by the executive and board changes?
The filing indicates the departure of certain officers and directors, and the election of new directors, but does not specify the exact roles in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported is January 20, 2025.
What is Beam Global's state of incorporation?
Beam Global is incorporated in Nevada.
What is Beam Global's principal executive office address?
The principal executive offices are located at 5660 Eastgate Drive, San Diego, CA 92121.
Has Beam Global undergone any previous name changes?
Yes, Beam Global was formerly known as Envision Solar International, Inc. (name change effective April 7, 2010) and prior to that, Casita Enterprises, Inc. (name change effective May 8, 2007).
Filing Stats: 647 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2025-01-24 16:02:11
Key Financial Figures
- $18,750 — entitled to a cash severance payment of $18,750, which is payable by the Company within
Filing Documents
- beam_8k.htm (8-K) — 27KB
- beam_ex1001.htm (EX-10.1) — 60KB
- 0001683168-25-000532.txt ( ) — 274KB
- beem-20250120.xsd (EX-101.SCH) — 3KB
- beem-20250120_lab.xml (EX-101.LAB) — 33KB
- beem-20250120_pre.xml (EX-101.PRE) — 24KB
- beam_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously reported by Beam Global (the "Company") on its Form 8-K filed on October 7, 2024, Sandra Peterson, the Company's then Vice President of Sales and Marketing, provided notice of her resignation from her position in the Company effective as of December 31, 2024 (the "Separation Date"). On January 20, 2025, the Company and Ms. Peterson entered into a Separation Agreement (the "Separation Agreement"), under which Ms. Peterson is entitled to a cash severance payment of $18,750, which is payable by the Company within ten (10) days following the effective date of the Separation Agreement plus any commissions earned on payments received by the Company after the Separation Date on sales that were completed on or before October 15, 2024. In addition, the Company agreed to extend the post-termination exercise period of stock options held by Ms. Peterson to December 31, 2025. The Separation Agreement additionally includes a customary general release of claims by Ms. Peterson in favor of the Company and certain related parties. As consideration for the foregoing, Ms. Peterson has agreed to customary non-disclosure and non-solicitation provisions and to a general release of all claims against the Company and its affiliates. Ms. Peterson and the Company have also agreed to a mutual customary non-disparagement provision. The foregoing description of the Separation Agreement is not complete and is qualified in its entirety by the actual terms of the Separation Agreement, a copy of which is incorporated herein by reference and attached hereto as Exhibit 10.1.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Separation Agreement with Sandra Peterson dated January 20, 2025 104 Cover Page Interactive Data File (formatted in iXBRL) 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. BEAM GLOBAL Dated: January 24, 2025 By: /s/ Lisa A. Potok Name: Lisa A. Potok Title: Chief Financial Officer 3