FREYR Battery Announces Board and Executive Compensation Changes
Ticker: TE-WT · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1992243
| Field | Detail |
|---|---|
| Company | Freyr Battery, Inc. /De/ (TE-WT) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: FREY
TL;DR
FREYR Battery shakes up board, adjusts exec pay.
AI Summary
On December 12, 2024, FREYR Battery, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates the election of new directors and potential adjustments to compensatory plans for its officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may impact future performance and strategy.
Key Players & Entities
- FREYR Battery, Inc. (company) — Registrant
- December 12, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors, but specific names and the exact number of changes are detailed within the full report.
What are the key details of the compensatory arrangements for certain officers?
The filing states that compensatory arrangements for certain officers are being disclosed, with specifics to be found in the full document.
What is the jurisdiction of incorporation for FREYR Battery, Inc.?
FREYR Battery, Inc. is incorporated in Delaware.
What is the IRS Employer Identification Number for FREYR Battery, Inc.?
The IRS Employer Identification Number for FREYR Battery, Inc. is 93-3205861.
What is the SIC code for FREYR Battery, Inc.?
The Standard Industrial Classification (SIC) code for FREYR Battery, Inc. is 3670, which corresponds to Electronic Components & Accessories.
Filing Stats: 487 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-12-12 08:55:19
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value FREY The New York Stock E
- $11.50 — e Common Stock at an exercise price for $11.50 per share FREY WS The New York Stoc
Filing Documents
- ea0224188-8k_freyr.htm (8-K) — 39KB
- 0001213900-24-108061.txt ( ) — 252KB
- frey-20241212.xsd (EX-101.SCH) — 4KB
- frey-20241212_def.xml (EX-101.DEF) — 26KB
- frey-20241212_lab.xml (EX-101.LAB) — 36KB
- frey-20241212_pre.xml (EX-101.PRE) — 25KB
- ea0224188-8k_freyr_htm.xml (XML) — 6KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 12, 2024 FREYR Battery, Inc. (Exact name of registrant as specified in its charter) Delaware 333-274434 93-3205861 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 6&8 East Court Square , Suite 300 , Newnan , Georgia 30263 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: ( 678 ) 632-3112 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value FREY The New York Stock Exchange Warrants, each whole warrant exercisable for one Common Stock at an exercise price for $11.50 per share FREY WS The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Termination of Employment of Chief Accounting Officer On December 11, 2024, FREYR Battery, Inc., a Delaware corporation (the "Company"), notified Lori A. Papp, Chief Accounting Officer, that her employment with the Company will terminate, effective upon the completion of her garden leave as agreed with the Company. Evan Calio, the Company's Chief Financial Officer, will also act as the Company's Principal Accounting Officer. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 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. By: /s/ Daniel Barcelo Name: Daniel Barcelo Title: Chief Executive Officer and Chairman of the Board of Directors Dated: December 12, 2024 2