FREYR Battery Reports Board & Officer Changes
Ticker: TE-WT · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1992243
| Field | Detail |
|---|---|
| Company | Freyr Battery, Inc. /De/ (TE-WT) |
| Form Type | 8-K |
| Filed Date | Sep 4, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, compensation
Related Tickers: FREY
TL;DR
FREYR Battery shakes up its board and exec comp. Watch for new strategy.
AI Summary
FREYR Battery, Inc. reported on August 28, 2024, changes in its board and officer compensation. The filing details the departure of certain directors and officers, the election of new directors, and updates to compensatory arrangements for key personnel. Specific financial figures related to these changes were not detailed in this particular filing.
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 — Changes in leadership and compensation structures can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- FREYR Battery, Inc. (company) — Registrant
- August 28, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departures and appointments?
The filing indicates changes related to the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with updates to compensatory arrangements for certain officers. Specific names and roles are detailed within the full filing.
Were there any significant changes in executive compensation packages?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item information, indicating that updates to these arrangements are being reported.
What is the primary reason for the board and officer changes?
The filing does not explicitly state the primary reason for the changes, but it is reported under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers'.
When did these changes become effective?
The date of the earliest event reported is August 28, 2024.
Does this filing include financial statements related to the changes?
The filing lists 'Financial Statements and Exhibits' as item information, suggesting that related financial details or exhibits may be included within the complete document.
Filing Stats: 1,029 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-09-04 17:20:05
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 FREY The New York Stock Exchange Warr
- $11.50 — of Common Stock at an exercise price of $11.50 FREY WS The New York Stock Exchange I
Filing Documents
- freyr-20240828.htm (8-K) — 39KB
- ex101-employmentagreement.htm (EX-10.1) — 133KB
- image_0.jpg (GRAPHIC) — 35KB
- 0001992243-24-000148.txt ( ) — 410KB
- freyr-20240828.xsd (EX-101.SCH) — 3KB
- freyr-20240828_def.xml (EX-101.DEF) — 15KB
- freyr-20240828_lab.xml (EX-101.LAB) — 28KB
- freyr-20240828_pre.xml (EX-101.PRE) — 16KB
- freyr-20240828_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement between FREYR Battery Norway AS and Tom Einar Jensen 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 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: September 4, 2024 By: /s/ Are L. Brautaset Name: Are L. Brautaset Title: Chief Legal Officer 2