Oklo Inc 8-K, filed Mar 7, 2025
Oklo Inc. (OKLO)
About this 8-K
Oklo Inc filed this 8-K on March 7, 2025, reporting on events of March 4, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 4, 2025, following the recommendation of the Nominating and Corporate Governance Committee (the “Nominating & Corporate Governance Committee”) of the board of directors (the “Board”) of Oklo Inc. (the “Company”), the Board extended offers to each of Michael Thompson and Daniel B. Poneman to serve as directors. Messrs. Thompson and Poneman promptly accepted these offers, and were appointed as Class III directors, to serve until each of their successors is duly elected and qualified or until their earlier resignation or removal. The Board also appointed Mr. Thompson to serve on the Audit Committee of the Board (the “Audit Committee”) and Mr. Poneman to serve on the Nominating & Corporate Governance Committee.
Mr. Thompson has served as the managing partner of Reinvent Capital, a private investment fund focused on technology companies, since 2017. He also served as the Chief Executive Officer and director of Reinvent Technology Partners from 2020 to 2021. Prior to Reinvent Capital, Mr. Thompson was the founder and managing partner of BHR Capital, a New York-based hedge fund. In addition, he has served as an advisor and board member for several technology companies. Mr. Thompson holds a Bachelor of Business Administration in International Finance from the Honors Program at the University of Georgia.
Mr. Poneman has decades of experience in the U.S. nuclear industry across both public and private sectors. He served as Deputy Secretary of Energy at the U.S. Department of Energy from 2009 to 2014, playing a key role in the Recovery Act of 2009 and responsible for infrastructure investments and a transition to clean energy, including nuclear industry initiatives. Mr. Poneman later became President and CEO of Centrus Energy Corp. from 2015 to 2023, where he was responsible for launching the first U.S.-technology enabled domestic uranium enrichment production since 1954. Mr. Poneman holds a Bachelor of Arts in Government & Economics and a JD degree from Harvard University, as well as a Masters of Letters in Politics from Oxford University (Lincoln College) in England.
The Board has determined that Mr. Thompson is an independent director under New York Stock Exchange (the “NYSE”) listing standards and the Company’s Corporate Governance Guidelines and meets the heightened independence standards for service on the Audit Committee set forth in Rule 10A-3(b)(1) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Board has determined that Mr. Poneman is an independent director under the NYSE listing standards.
In connection with and effective upon their appointments to the Board, each of Messrs. Thompson and Poneman will be eligible to participate in and receive cash and equity compensation pursuant to the terms and conditions of the Company’s Non-Employee Director Compensation Program. In addition, each of Messrs. Thompson and Poneman will receive an initial award of restricted stock units (“RSUs”) under our 2024 Equity Incentive Plan. Each RSU award will have a dollar-denominated value of $150,000, and will vest on the one-year anniversary of the applicable Board appointment date, subject to continued service.
SIGNATURES
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.
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Oklo Inc. | ||
| Date: March 7, 2025 | By: | /s/ R. Craig Bealmear |
| Name: | R. Craig Bealmear | |
| Title: | Chief Financial Officer | |