LIGHTBRIDGE Corp. Appoints New CFO

TL;DR

Lightbridge just hired a new CFO, Seth Krumm. Big changes coming?

AI Summary

On April 19, 2024, LIGHTBRIDGE Corp. announced the appointment of Seth M. Krumm as its new Chief Financial Officer. Krumm, who previously served as CFO for Nova Resources Corp., will be responsible for overseeing the company's financial operations and strategy. This appointment is part of LIGHTBRIDGE's ongoing efforts to strengthen its leadership team.

Why It Matters

The appointment of a new CFO can signal a strategic shift or a focus on financial stability and growth for the company.

Risk Assessment

Risk Level: medium — The appointment of a new executive, especially a CFO, can introduce uncertainty regarding future financial strategies and performance.

Key Players & Entities

• LIGHTBRIDGE Corp. (company) — Registrant
• Seth M. Krumm (person) — Newly appointed Chief Financial Officer
• Nova Resources Corp. (company) — Previous employer of Seth M. Krumm
• April 19, 2024 (date) — Date of the earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered: Common Stock, $0.001 par value LTBR The Nasdaq Capital M

Filing Documents

• ltbr_8k.htm (8-K) — 38KB
• 0001477932-24-002285.txt ( ) — 160KB
• ltbr-20240419.xsd (EX-101.SCH) — 6KB
• ltbr-20240419_lab.xml (EX-101.LAB) — 14KB
• ltbr-20240419_cal.xml (EX-101.CAL) — 1KB
• ltbr-20240419_pre.xml (EX-101.PRE) — 9KB
• ltbr-20240419_def.xml (EX-101.DEF) — 2KB
• ltbr_8k_htm.xml (XML) — 4KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The Company held its Annual Meeting virtually on April 19, 2024. At the Annual Meeting, the Company's stockholders voted on: (i) the election of six director nominees, (ii) the approval of an amendment to the 2020 Plan to increase the number of shares of common stock available for issuance thereunder from 1,800,000 to 2,500,000, (iii) to approve, on an advisory basis, the compensation of the Company's named executive officers, and (iv) ratification of BDO USA, P.C. as the Company's independent registered public accounting firm for fiscal year 2024. The results of the votes are set forth below. Proposal No. 1 – Election of Directors The following nominees were elected as directors by the votes indicated to serve until the Company's next annual meeting of stockholders, as set forth in the 2024 Proxy Statement: Nominee For Withheld Broker Non-Vote Seth Grae 3,463,989 190,254 2,928,215 Sweta Chakraborty 3,425,338 228,905 2,928,215 Jesse Funches 3,505,977 148,266 2,928,215 Sherri Goodman 3,590,640 63,603 2,928,215 Daniel Magraw 3,246,240 408,003 2,928,215 Mark Tobin 3,494,987 159,256 2,928,215 Proposal No. 2 – Approval of an Amendment to the 2020 Plan The stockholders approved an amendment to the 2020 Plan to increase the number of shares of common stock available for issuance thereunder from 1,800,000 to 2,500,000. The voting results were as follows: For Against Abstain Broker Non-Vote 3,046,647 515,916 91,680 2,928,215 Proposal No. 3 – Advisory Vote on Executive Compensation The proposal to approve, on an advisory basis, the compensation of the Company's named executive officers as described in the 2024 Proxy Statement was approved by the stockholders by the following vote: For Against Abstain Broker Non-Vote 2,903,252 656,583 94,408 2,928,215 Proposal No. 4 – Ratification of Auditors The proposal to ratify the selection of BDO USA, P.C.

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. LIGHTBRIDGE CORPORATION Dated: April 22, 2024 By: /s/ Seth Grae Name: Seth Grae Title: President and Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR