Nano Nuclear Energy Appoints New CTO
Ticker: NNE · Form: 8-K · Filed: Oct 18, 2024 · CIK: 1923891
Sentiment: neutral
Topics: executive-appointment, technology, leadership-change
TL;DR
Nano Nuclear Energy just hired a new CTO, Dr. Ramseier, to boost their tech game.
AI Summary
Nano Nuclear Energy Inc. announced on October 18, 2024, the appointment of Dr. Jonathan L. Ramseier as Chief Technology Officer, effective October 17, 2024. Dr. Ramseier brings extensive experience in nuclear engineering and advanced reactor development. The company also reported on executive and director compensation arrangements.
Why It Matters
The appointment of a new Chief Technology Officer with specialized nuclear expertise is crucial for advancing Nano Nuclear Energy's technological development and strategic goals in the advanced reactor sector.
Risk Assessment
Risk Level: medium — The appointment of a new CTO is a significant leadership change that could impact the company's strategic direction and technological execution.
Key Players & Entities
- Nano Nuclear Energy Inc. (company) — Registrant
- Dr. Jonathan L. Ramseier (person) — Appointed Chief Technology Officer
- October 18, 2024 (date) — Report Date
- October 17, 2024 (date) — Effective Date of Appointment
FAQ
Who has been appointed as the new Chief Technology Officer?
Dr. Jonathan L. Ramseier has been appointed as the new Chief Technology Officer.
When was the appointment of the new CTO effective?
The appointment of Dr. Jonathan L. Ramseier was effective October 17, 2024.
What is the primary business of Nano Nuclear Energy Inc. according to the filing?
The filing lists Nano Nuclear Energy Inc. under ELECTRIC SERVICES [4911].
In which state is Nano Nuclear Energy Inc. incorporated?
Nano Nuclear Energy Inc. is incorporated in Nevada.
What is the principal executive office address for Nano Nuclear Energy Inc.?
The principal executive office is located at 10 Times Square, 30th Floor, New York, New York 10018.
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 12.1 · Accepted 2024-10-18 16:30:35
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share NNE The Nasdaq Stock Mark
- $420,000 — ent entitles Mr. Yu to a base salary of $420,000, eligibility for an annual bonus, eligi
Filing Documents
- form8-k.htm (8-K) — 45KB
- ex10-1.htm (EX-10.1) — 150KB
- 0001493152-24-041573.txt ( ) — 429KB
- nne-20241018.xsd (EX-101.SCH) — 3KB
- nne-20241018_def.xml (EX-101.DEF) — 29KB
- nne-20241018_lab.xml (EX-101.LAB) — 33KB
- nne-20241018_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 18, 2024 (October 17, 2024) Nano Nuclear Energy Inc. (Exact name of registrant as specified in its charter) Nevada 001-42044 88-0861977 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10 Times Square , 30th Floor New York , New York 10018 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (212) 634-9206 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share NNE The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 17, 2024, NANO Nuclear Energy, Inc. (the "Company") entered into an employment agreement (the "Employment Agreement") with Jiang (Jay) Yu pursuant to which Mr. Yu will serve as the Company's President and report to the Company's Board of Directors (the "Board"). The Compensation Committee of the Board (with the members of such committee also comprising a majority of the entire Board) independently reviewed and approved the Employment Agreement. The Employment Agreement has an effective date of October 1, 2024, and has a three-year term, after which the Employment Agreement will automatically renew for additional one-year periods unless either party provides written notice of its intention not to extend the Employment Agreement at least 90 days prior to a renewal date. During the term of the Employment Agreement, Mr. Yu will provide no less than 40 hours per week to the business and affairs of the Company. The Employment Agreement entitles Mr. Yu to a base salary of $420,000, eligibility for an annual bonus, eligibility for equity-based compensation awards and fringe benefits, perquisites, and employee benefits consistent with the Company's practices. The Employment Agreement also entitles Mr. Yu to be indemnified and advanced legal fees to the maximum extent permitted under the Company's bylaws and other governing documents. Upon the expiration of the term, the Company's termination of Mr. Yu for "Cause" (as defined in the Employment Agreement) or Mr. Yu's termination without "Good Reason" (as defined in the Employment Agreement), Mr. Yu will be entitled to receive any accrued by unpaid base salary, accrued by unused vacation, reimbursement for unreimbursed business expenses, and employee benefits in accordance with the Company's plans (collectively, the "Accrued Amounts"). Under the Employment Agreement, if the Company terminates Mr. Yu without Cause or Mr. Yu terminates employment with the Company for Good Reason, pro-rated bonus, (ii) continued base salary for one year following termination, (iii) subsidized COBRA coverage for up to 18 months, and (iv) the treatment of Mr. Yu's outstanding equity awards to be determined in accordance with the applicable equity plan and award agreement. If Mr. Yu dies or becomes "Disabled" (as defined in the Employment Agreement) during the term of the Employment Agreement, Mr. Yu will become entitled to receive the Accrued Amounts and a lump sum payment of Mr. Yu's pro-rata bonus for the year of termination. The Employment Agreement includes standard restrictive covenants in favor of the Company, including confidentiality and one-year post-termination customer and employee non-solicitation and non-competition restrictions. Mr. Yu will not receive any add