PureCycle Technologies Files 8-K on Director/Officer Changes
Ticker: PCTBP · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1830033
| Field | Detail |
|---|---|
| Company | Purecycle Technologies, Inc. (PCTBP) |
| Form Type | 8-K |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $11.50, $310,000, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance, filing
TL;DR
PureCycle's board is shaking up: new directors elected, officers appointed, and exec comp details revealed.
AI Summary
PureCycle Technologies, Inc. filed an 8-K on December 5, 2024, reporting on the departure of a director, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits related to events as of December 2, 2024.
Why It Matters
This filing indicates significant changes in the company's leadership and governance structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, especially if related to performance or strategy, can introduce uncertainty and potential shifts in company direction.
Key Players & Entities
- PureCycle Technologies, Inc. (company) — Registrant
- December 2, 2024 (date) — Earliest event reported
- December 5, 2024 (date) — Date of report
FAQ
Who has departed from PureCycle Technologies' board or officer positions?
The filing indicates the departure of a director and potentially other officers, though specific names are not detailed in the provided text.
Who has been elected as a new director to PureCycle Technologies' board?
The filing states the election of directors, but the specific names of the newly elected directors are not provided in the excerpt.
What type of compensatory arrangements are being disclosed?
The filing mentions compensatory arrangements of certain officers, but the details of these arrangements are not specified in the provided text.
What is the Commission File Number for PureCycle Technologies?
The Commission File Number for PureCycle Technologies, Inc. is 001-40234.
What is the primary business of PureCycle Technologies, Inc. according to its SIC code?
PureCycle Technologies, Inc. is classified under SIC code 2821, which relates to Plastics, Materials, Syn Resins & Nonvulcan Elastomers.
Filing Stats: 694 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-12-05 16:05:09
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
- $310,000 — a will receive an annual base salary of $310,000, will be eligible to participate in the
- $25,000 — lso receive a one-time sign-on bonus of $25,000. SIGNATURES Pursuant to the require
Filing Documents
- pct-20241202.htm (8-K) — 47KB
- 0000950170-24-133666.txt ( ) — 204KB
- pct-20241202.xsd (EX-101.SCH) — 54KB
- pct-20241202_htm.xml (XML) — 7KB
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: December 5, 2024 By: /s/ Jaime Vasquez Jaime Vasquez, Chief Financial Officer