Advent Technologies Holdings, Inc 8-K/A, filed Jan 17, 2024
Advent Technologies Holdings, Inc. (ADNH)
About this 8-K/A
Advent Technologies Holdings, Inc filed this 8-K/A on January 17, 2024, reporting on events of January 5, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Amendment No. 1 to
CURRENT REPORT
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Introductory Note
The Amendment No. 1 to the Current Report on Form 8-K amends the Current Report on Form 8-K filed by Advent Technologies Holdings, Inc. (“Advent” or the “Company”) on January 11, 2024 (the “Original Report”) to amend and restate the disclosures previously provided regarding Naiem Hussain, Advent’s newly appointed Chief Financial Officer, to add information required by Item 5.02(c).
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Chief Financial Officer Appointment
On January 10, 2024, the Board of Directors of the Company (the “Board”) appointed Naiem Hussain, 56, the Company’s current Chief Investment Officer, to serve as Chief Financial Officer of the Company, pending the completion of the Company’s hiring protocols.
The Company entered into an offer letter with Mr. Hussain pursuant to which Mr. Hussain will receive an annual base salary of $275,000 and the opportunity to earn a performance-based bonus each year. Mr. Hussain will also be eligible to participate in the Company’s equity awards plan, with his grants approved by the compensation committee of the Board.
Mr. Hussain has served as a senior consultant (including as Chief Investment Officer) to Advent beginning in June 2021. From 2017 to 2021 Mr. Hussain was co-founder and then served as senior advisor to Assuracc, where he was involved with financial reporting and M&A support services for both public and private companies. Mr. Hussain has been a Chartered Accountant since 1997 and obtained his fellowship from the ICAEW in 2020. In addition, Mr. Hussain has studied at the University of Manchester in Applied and Computational Chemistry and also at the University of Oxford.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 17, 2024
| Advent Technologies Holdings, Inc. | ||
| By: |
/s/ Vassilios Gregoriou | |
| Name: | Vassilios Gregoriou | |
| Title: | Chairman and Chief Executive Officer | |
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