Solid Power Files 8-K: Director Changes & Officer Appointments
Ticker: SLDPW · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1844862
| Field | Detail |
|---|---|
| Company | Solid Power, Inc. (SLDPW) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $37,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, management-change
TL;DR
Solid Power 8-K: Board shakeup and new execs filed Jan 13.
AI Summary
Solid Power, Inc. filed an 8-K on January 13, 2025, reporting on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits. The company, formerly known as Decarbonization Plus Acquisition Corp III, is incorporated in Delaware and operates in the miscellaneous electrical machinery sector.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing changes in directors and officers, not a material event like a merger or financial distress.
Key Players & Entities
- Solid Power, Inc. (company) — Registrant
- Decarbonization Plus Acquisition Corp III (company) — Former company name
- January 13, 2025 (date) — Date of report
FAQ
Who are the departing directors or officers mentioned in the filing?
The filing indicates the departure of directors or certain officers but does not name them specifically in the provided text.
What specific compensatory arrangements are detailed?
The filing mentions compensatory arrangements of certain officers as an item of information, but the specific details are not included in the provided text.
When was Solid Power, Inc. formerly known as Decarbonization Plus Acquisition Corp III?
The date of the name change from Decarbonization Plus Acquisition Corp III to Solid Power, Inc. was February 8, 2021.
What is Solid Power, Inc.'s Standard Industrial Classification (SIC) code?
Solid Power, Inc.'s SIC code is 3690, categorized as MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES.
What is the company's state of incorporation and fiscal year end?
Solid Power, Inc. is incorporated in Delaware and its fiscal year ends on December 31.
Filing Stats: 652 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2025-01-13 16:05:28
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share SLDP The Nasdaq Stock Mar
- $11.50 — of common stock at an exercise price of $11.50 SLDPW The Nasdaq Stock Market LLC
- $37,500 — his services, Dr. Johnson will receive $37,500 per month during the Consulting Period.
Filing Documents
- tm253093d1_8k.htm (8-K) — 31KB
- tm253093d1_ex10-1.htm (EX-10.1) — 50KB
- 0001104659-25-003034.txt ( ) — 311KB
- sldp-20250113.xsd (EX-101.SCH) — 3KB
- sldp-20250113_def.xml (EX-101.DEF) — 26KB
- sldp-20250113_lab.xml (EX-101.LAB) — 36KB
- sldp-20250113_pre.xml (EX-101.PRE) — 25KB
- tm253093d1_8k_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 13, 2025, Derek Johnson provided notice to Solid Power, Inc. (the "Company") that he will resign from his position as Chief Operating Officer of the Company, effective as of February 1, 2025. In order to ensure an orderly transition of the responsibilities associated with his departure, on January 13, 2025, Solid Power Operating, Inc., a wholly owned subsidiary of the Company ("SP Operating"), and Dr. Johnson entered into a consulting agreement (the "Consulting Agreement") under which Dr. Johnson will provide transition consulting services to SP Operating from February 1, 2025 to May 1, 2025 (such period, the "Consulting Period"). The Consulting Agreement provides that, in consideration for his services, Dr. Johnson will receive $37,500 per month during the Consulting Period. Any equity awards award that Dr. Johnson holds will cease vesting on February 1, 2025, and he will not be eligible for additional equity awards following that date. The foregoing description of the terms and conditions of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. See the Exhibit index below, which is incorporated herein by reference. Exhibit No. Description 10.1# Consulting Agreement, dated January 13, 2025, between Solid Power Operating, Inc. and Derek Johnson. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). # Indicates a management or compensatory plan. SIGNATURE 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. Dated: January 13, 2025 SOLID POWER, INC. By: /s/ James Liebscher Name: James Liebscher Title: Chief Legal Officer and Secretary