PureCycle Technologies Reports Board Changes and Officer Compensation
Ticker: PCTBP · Form: 8-K · Filed: Aug 5, 2024 · CIK: 1830033
| Field | Detail |
|---|---|
| Company | Purecycle Technologies, Inc. (PCTBP) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $11.50, $225,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, board-changes
TL;DR
PureCycle filed an 8-K detailing board changes and exec pay. Watch for new strategic direction.
AI Summary
PureCycle Technologies, Inc. filed an 8-K on July 31, 2024, reporting changes in its board of directors and compensatory arrangements for certain officers. The filing also includes financial statements and exhibits related to these events.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty, but the filing itself doesn't indicate immediate financial distress.
Key Players & Entities
- PureCycle Technologies, Inc. (company) — Registrant
- Roth CH Acquisition I Co. (company) — Former company name
- July 31, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors' under Item 5.02, but the specific names and details of departures or elections are not provided in this excerpt.
What are the details of the compensatory arrangements for certain officers?
The filing mentions 'Compensatory Arrangements of Certain Officers' under Item 5.02, but the specific details of these arrangements are not included in the provided text.
What financial statements are included with this filing?
The filing states that 'Financial Statements and Exhibits' are included as part of Item 9.01, but the specific financial statements are not detailed in this excerpt.
When was PureCycle Technologies, Inc. incorporated?
PureCycle Technologies, Inc. was incorporated in Delaware, as stated in the filing.
What was the previous name of PureCycle Technologies, Inc.?
The former company name was Roth CH Acquisition I Co., with a date of name change on October 26, 2020.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-08-05 16:05:10
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PCT The Nasdaq Stock Mark
- $11.50 — alue per share, at an exercise price of $11.50 per share PCTTW The Nasdaq Stock Ma
- $225,000 — oard approved, payment to Mr. Coombs of $225,000, reflecting his target bonus payment fo
Filing Documents
- pct-20240731.htm (8-K) — 45KB
- 0000950170-24-090725.txt ( ) — 198KB
- pct-20240731.xsd (EX-101.SCH) — 52KB
- pct-20240731_htm.xml (XML) — 7KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 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. PureCycle Technologies, Inc. Date: August 5, 2024 By: /s/ Jaime Vasquez Jaime Vasquez, Chief Financial Officer