Oklo Inc. Files 8-K: Director Changes and Compensation Updates
Ticker: OKLO · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1849056
Sentiment: neutral
Topics: corporate-governance, director-change, executive-compensation
TL;DR
Oklo Inc. board shakeup and pay adjustments filed. Watch for new director impact.
AI Summary
Oklo Inc. filed an 8-K on December 27, 2024, reporting changes related to its board of directors and executive compensation. The filing indicates a departure of a director and the election of a new director, along with updates to compensatory arrangements for certain officers. This is a routine corporate governance update.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could influence strategic decisions and investor confidence.
Risk Assessment
Risk Level: low — The filing pertains to standard corporate governance matters like director changes and compensation, which typically carry low immediate risk.
Key Players & Entities
- Oklo Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- December 27, 2024 (date) — Date of report
- 3190 Coronado Dr. Santa Clara, CA 95054 (address) — Principal executive offices
- AltC Acquisition Corp. (company) — Former company name
FAQ
What specific changes were made to Oklo Inc.'s board of directors?
The filing indicates the departure of a director and the election of a new director, though specific names are not detailed in the provided excerpt.
What is the purpose of this 8-K filing for Oklo Inc.?
The purpose is to report current information regarding the departure of directors, election of directors, appointment of officers, and compensatory arrangements of certain officers.
When was this 8-K filing submitted by Oklo Inc.?
The filing was submitted on December 27, 2024.
What was Oklo Inc.'s former company name?
Oklo Inc.'s former company name was AltC Acquisition Corp.
Where are Oklo Inc.'s principal executive offices located?
Oklo Inc.'s principal executive offices are located at 3190 Coronado Dr., Santa Clara, CA 95054.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-12-27 16:44:14
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share OKLO New York Stock Excha
- $500,000 — Company's Chief Financial Officer, from $500,000 to $625,000 and from $400,000 to $440,0
- $625,000 — ief Financial Officer, from $500,000 to $625,000 and from $400,000 to $440,000, respecti
- $400,000 — cer, from $500,000 to $625,000 and from $400,000 to $440,000, respectively. In addition,
- $440,000 — 00,000 to $625,000 and from $400,000 to $440,000, respectively. In addition, the Committ
Filing Documents
- tm2432154d1_8k.htm (8-K) — 22KB
- 0001104659-24-132172.txt ( ) — 192KB
- alcc-20241227.xsd (EX-101.SCH) — 3KB
- alcc-20241227_lab.xml (EX-101.LAB) — 33KB
- alcc-20241227_pre.xml (EX-101.PRE) — 22KB
- tm2432154d1_8k_htm.xml (XML) — 4KB
02. Departure of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 27, 2024, the Compensation Committee (the "Committee") of the Board of Directors of Oklo Inc. (the "Company") approved increases to the annual base salaries for Jacob DeWitte, the Company's Chief Executive Officer, and R. Craig Bealmear, the Company's Chief Financial Officer, from $500,000 to $625,000 and from $400,000 to $440,000, respectively. In addition, the Committee approved increases to the annual target bonus opportunities for Messrs. DeWitte and Bealmear and Caroline Cochran, the Company's Chief Operating Officer, from 50% to 65% of the executives' base salaries. The base salary and target bonus opportunity increases are effective as of January 1, 2025.
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: December 27, 2024 By: /s/ R. Craig Bealmear Name: R. Craig Bealmear Title: Chief Financial Officer