Nuvve Holding Corp 8-K, filed Apr 9, 2024
Nuvve Holding Corp. (NVVE)
8-K
2024-04-09
For: 2024-04-05
View Original
Added on
April 05, 2026
About this 8-K
Nuvve Holding Corp filed this 8-K on April 9, 2024, reporting on events of April 5, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): April 5, 2024
| (Exact Name of Registrant as Specified in Charter) | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (619 ) 456-5161
| (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 (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). | |||||
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| 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:
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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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
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. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed on January 26, 2024, Nuvve Holding Corp. (the “Company”) entered into amended and restated employment agreements with Gregory Poilasne, the Company’s Chief Executive Officer, Ted Smith, the Company’s President and Chief Operating Officer, and David Robson, the Company’s Chief Financial Officer, which provided for, among other things, bonuses related to certain milestone achievements. On April 5, 2024, the Company awarded the following cash amounts for such bonuses as follows:
| Name | 100% Achievement | Capital Raised Through March 31, 2024 | Achievement % | Achieved Amount | Percent Paid | Portion Paid As of April 2024 | Portion Deferred | |||||||||||||||||||||||||||||||||||||
| Gregory Poilasne | $ | 252,000 | $ | 9,600,000 | 90.0 | % | $ | 226,800 | 50.0 | % | $ | 113,400 | $ | 113,400 | ||||||||||||||||||||||||||||||
| Chief Executive Officer | ||||||||||||||||||||||||||||||||||||||||||||
| Ted Smith | $ | 178,500 | $ | 9,600,000 | 90.0 | % | $ | 160,650 | 50.0 | % | $ | 80,325 | $ | 80,325 | ||||||||||||||||||||||||||||||
| President and Chief Operating Officer | ||||||||||||||||||||||||||||||||||||||||||||
| David G. Robson | $ | 168,000 | $ | 9,600,000 | 90.0 | % | $ | 151,200 | 50.0 | % | $ | 75,600 | $ | 75,600 | ||||||||||||||||||||||||||||||
| Chief Financial Officer | ||||||||||||||||||||||||||||||||||||||||||||
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
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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: April 9, 2024
| NUVVE HOLDING CORP. | ||||||||
| By: | /s/ Gregory Poilasne | |||||||
| Gregory Poilasne | ||||||||
| Chief Executive Officer | ||||||||
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