Oklo Inc. Files 8-K on Director/Officer Changes & Compensation
Ticker: OKLO · Form: 8-K · Filed: May 16, 2024 · CIK: 1849056
Sentiment: neutral
Topics: corporate-governance, officer-changes, compensation
TL;DR
Oklo Inc. 8-K: Director/officer changes, new hires, and comp details filed May 16.
AI Summary
Oklo Inc. filed an 8-K on May 16, 2024, reporting on events as of May 10, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing provides insight into potential leadership changes and executive compensation structures at Oklo Inc., which could impact the company's strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with details on compensatory arrangements, can indicate internal shifts that may carry operational or strategic risks.
Key Numbers
- 001-40583 — SEC File Number (Identifies Oklo Inc.'s filing with the SEC.)
- 0001849056 — Central Index Key (Unique identifier for Oklo Inc. in the SEC EDGAR system.)
Key Players & Entities
- Oklo Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- May 10, 2024 (date) — Earliest event reported date
- May 16, 2024 (date) — Filing date
- 3190 Coronado Dr. Santa Clara, CA 95054 (address) — Principal executive offices
- AltC Acquisition Corp. (company) — Former company name
FAQ
What specific changes occurred regarding Oklo Inc.'s directors or officers?
The 8-K filing indicates events related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers'.
What is the primary purpose of this 8-K filing for Oklo Inc.?
The filing serves as a current report detailing significant corporate events, including changes in leadership and executive compensation, as of May 10, 2024.
When was this 8-K report filed with the SEC?
The report was filed on May 16, 2024.
What was Oklo Inc.'s former company name?
Oklo Inc. was formerly known as AltC Acquisition Corp.
What are the key items covered in this filing besides director and officer changes?
In addition to director and officer changes, the filing also covers 'Compensatory Arrangements of Certain Officers' and includes 'Financial Statements and Exhibits'.
Filing Stats: 1,221 words · 5 min read · ~4 pages · Grade level 13.3 · Accepted 2024-05-16 16:05:35
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share OKLO New York Stock Excha
Filing Documents
- tm2414650d1_8k.htm (8-K) — 37KB
- tm2414650d1_ex10-1.htm (EX-10.1) — 103KB
- tm2414650d1_ex10-2.htm (EX-10.2) — 104KB
- tm2414650d1_ex10-3.htm (EX-10.3) — 103KB
- image_002.jpg (GRAPHIC) — 3KB
- 0001104659-24-062510.txt ( ) — 642KB
- alcc-20240510.xsd (EX-101.SCH) — 3KB
- alcc-20240510_def.xml (EX-101.DEF) — 26KB
- alcc-20240510_lab.xml (EX-101.LAB) — 36KB
- alcc-20240510_pre.xml (EX-101.PRE) — 25KB
- tm2414650d1_8k_htm.xml (XML) — 5KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 10, 2024, the Board of Directors (the "Board") of Oklo Inc. (the "Company") approved entering new employment agreements (each, an "agreement") with Jacob DeWitte (Chief Executive Officer), Caroline Cochran (Chief Operating Officer) and R. Craig Bealmear (Chief Financial Officer) (each, an "executive") which superseded the employment letter agreements previously in place with each executive. Employment Agreements Each agreement provides for at-will employment which will continue for an indefinite term until the applicable executive's employment is terminated. Pursuant to the agreements, each executive is entitled to receive an annual base salary as set forth in the table below. In addition, each executive will be eligible to receive an annual discretionary cash bonus of up to fifty percent (50%) of the executive's annual base salary, with the actual amount determined at the sole discretion of the Board, and an initial grant of restricted stock units (each, an "initial grant") with a value as set forth in the table below. Each executive's initial grant will vest in quarterly installments over the three year-period commencing on May 9, 2024, an additional grant of restricted stock units within 90 days following May 9, 2024, at the sole discretion of the Board, that will contain performance-vesting conditions. The following table sets forth each named executive officer's title, annual base salary, and initial grant's target grant date value: Named Executive Officer Title Annual Base Salary ($) Initial Grant Target Grant Date Value ($) Jacob DeWitte Chief Executive Officer $ 500,000 $ 3,000,000 Caroline Cochran Chief Operating Officer $ 400,00
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement, effective May 9, 2024, by and between Oklo Inc. and Jacob DeWitte 10.2 Employment Agreement, effective May 9, 2024, by and between Oklo Inc. and Caroline Cochran 10.3 Employment Agreement, effective May 9, 2024, by and between Oklo Inc. and R. Craig Bealmear 104 Cover Page Interactive Data File ( embedded within the Inline XBRL document )
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. Oklo Inc. Date: May 16, 2024 By: /s/ R. Craig Bealmear Name: R. Craig Bealmear Title: Chief Financial Officer