FREYR Battery Announces Corporate Changes and Filings
Ticker: TE-WT · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1992243
| Field | Detail |
|---|---|
| Company | Freyr Battery, Inc. /De/ (TE-WT) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.01, $11.50, $30,000, $50,000, $600,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-election, financial-filings
TL;DR
FREYR Battery reshuffled its board and execs, filed financials. Big governance news.
AI Summary
FREYR Battery, Inc. announced on May 31, 2024, a series of significant corporate actions. These include the election of new directors, changes in certain officer positions, and updates to compensatory arrangements for its officers. The company also provided a Regulation FD disclosure and filed financial statements and exhibits.
Why It Matters
Changes in board composition and officer roles can signal shifts in company strategy or governance, while financial statement filings provide crucial insights into the company's performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with financial filings, can indicate internal shifts that may impact future performance and strategy.
Key Players & Entities
- FREYR Battery, Inc. (company) — Registrant
- May 31, 2024 (date) — Date of earliest event reported
FAQ
What specific corporate actions were announced by FREYR Battery on May 31, 2024?
FREYR Battery announced the election of directors, changes in certain officer positions, and updates to compensatory arrangements for its officers.
What type of filing is this 8-K report?
This is a Current Report on Form 8-K filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is FREYR Battery's state of incorporation and IRS Employer Identification Number?
FREYR Battery is incorporated in Delaware and its IRS Employer Identification Number is 93-3205861.
What are the business and mailing addresses for FREYR Battery?
The business and mailing addresses for FREYR Battery are 6&8 East Court Square, Suite 300, Newnan, Georgia 30263.
What items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 2,313 words · 9 min read · ~8 pages · Grade level 9.2 · Accepted 2024-06-06 16:18:37
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FREY The New York Stock Exch
- $11.50 — of Common Stock at an exercise price of $11.50 FREY WS The New York Stock Exchange I
- $30,000 — tancy Agreement provides for payment of $30,000 per month, the grant of 250,000 non-qua
- $50,000 — month's base salary calculated to equal $50,000, less any applicable withholding and 1
- $600,000 — ble to receive an annual base salary of $600,000, a target annual cash bonus equal to 10
- $3.0 million — ded will be equal to a nominal value of $3.0 million divided by the volume weighted average
Filing Documents
- freyr-20240531.htm (8-K) — 53KB
- ex101-ceoseparationandrele.htm (EX-10.1) — 39KB
- ex102-cfoseparationagreeme.htm (EX-10.2) — 61KB
- ex103-cfoemploymentagreeme.htm (EX-10.3) — 143KB
- ex991-pressreleasejune62024.htm (EX-99.1) — 20KB
- image.jpg (GRAPHIC) — 5KB
- image_0.jpg (GRAPHIC) — 35KB
- image_1.jpg (GRAPHIC) — 15KB
- 0001992243-24-000109.txt ( ) — 621KB
- freyr-20240531.xsd (EX-101.SCH) — 3KB
- freyr-20240531_def.xml (EX-101.DEF) — 15KB
- freyr-20240531_lab.xml (EX-101.LAB) — 28KB
- freyr-20240531_pre.xml (EX-101.PRE) — 16KB
- freyr-20240531_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure A copy of the press release announcing this leadership transition is attached hereto as Exhibit 99.1 and is incorporated herein by reference. 2
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Separation and Release Agreement between FREYR Battery Norway AS and Birger K. Steen. 10.2 Separation Agreement by and among FREYR Battery, Inc., FREYR Battery US Holding, Inc., and Oscar K. Brown. 10.3 Employment Agreement between FREYR Battery US Holding, Inc. and Evan Calio. 99.1 Press Release of FREYR Battery, Inc. issued June 6, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 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. FREYR BATTERY, INC. Date: June 6, 2024 By: /s/ Are L. Brautaset Name: Are L. Brautaset Title: Chief Legal Officer 4