SNRG 8-K
SusGlobal Energy Corp. (SNRG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2021
SusGlobal Energy Corp.
(Exact name of Registrant as specified in its charter)
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Delaware |
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000-56024 |
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38-4039116 |
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(State or other jurisdiction of incorporation) |
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200 Davenport Road
Toronto, ON, Canada, M5R 1J2
(Address of principal executive offices, including zip code)
(416) 223-8500
(Registrant's telephone number, including area code)
Check the appropriate box below if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §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.
On June 1, 2021, the board of directors (the "Board") of SusGlobal Energy Corp. (the "Company") appointed Ms. Susan Harte as a member of the Board, effective immediately (the "Appointment").
Susan Harte, 56
Susan Harte Ms. Harte is a nationally recognized leader in site selection, location economics and incentives. She is currently a principal of the international site selection consulting firm Hickey & Associates. For over 25 years, she has combined her expertise in commercial real estate, site selection and economic development, to assist her clients with leveraging location as a competitive advantage. Throughout her practice, Ms. Harte has led her clients to achieving better business outcomes by integrating strategic planning techniques and implementation frameworks to drive internal stakeholder consensus around location decisions. She has managed major site selection projects for many Fortune 500 companies involving complex multi-jurisdictional competitive strategies. Pursuant to this work, she has structured, negotiated and secured over US$1billion in location incentives such as real estate and personal property tax abatements, sales tax exemptions, grants and specialty bond financing for her clients' projects. Prior to her current position, Ms. Harte was a Senior Vice President at CBRE, the world's largest commercial real estate services and investment firm, in the global Location Advisory and Transactions Services group. She previously was Director of the Business Economic Incentives Practice at Jones Lang LaSalle having joined the company after seven years with the New York City boutique law firm of Stadtmauer Bailkin. She also served a term as the Director of National Incentives Practice at, Grant Thornton one of the largest accounting firms in the world and as Director of Industry Development at Empire State Development Corporation, New York State's economic development agency.
We believe that these experiences make Ms. Harte well-qualified to serve as a member of the Board.
Board Committees
Ms. Harte has been appointed a member of each of the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Harte will serve as chairperson of the Corporate Governance and Nominating Committee.
Related Party Transactions
There are no related party transactions with regard to Ms. Harte reportable under Item 404(a) of Regulation S-K.
Compensatory Arrangements
As compensation for her services as a member of the Board Ms. Harte shall be entitled to receive a CA$25,000 fee per annum, payable at year end by either cash or shares of the Company at the Company's discretion. If such fee is paid in shares of the Company, the conversion of the CA$25,000 fee into shares will be based on the average closing price of the Company's stock on a 10-trading day lookback, with a portion of the fee payable, at Ms. Harte's sole discretion, in cash to cover any taxes that may be owed by Ms. Harte due to the issuance of the Company's shares.
Item 8.01 Other Events.
On June 7, 2021, the Company issued a press release announcing the Appointment. A copy of the press release is filed hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Exhibits.
(d) Exhibits
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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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SusGlobal Energy Corp. |
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Dated: |
June 7, 2021 |
By: |
/s/ Marc Hazout |
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Marc Hazout |
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SusGlobal Appoints Site Selection Expert Susan Harte to its Board of Directors
- As a recognized leader in site selection, Harte assists companies in leveraging location as a competitive advantage using data analytics, economic development tools and location incentives
- Harte's experience and skill set will benefit SusGlobal as it closes on the acquisition of its second Ontario facility and pursues additional locations scaling its organic waste-to-fertilizer business as Leaders in the Circular Economy®
TORONTO, ON / ACCESSWIRE / June 7, 2021 / SusGlobal Energy Corp. ("SusGlobal" or the "Company") (OTCQB: SNRG), the developer of SusGro™, a revolutionary pathogen free organic liquid fertilizer, is pleased to announce the appointment of Susan Harte, ESQ., MCR to the Company's Board of Directors.
Ms. Harte is a nationally recognized leader in site selection, location economics and incentives. She is currently a principal of the international site selection consulting firm Hickey & Associates. For over 25 years, she has combined her expertise in commercial real estate, site selection and economic development to assist her clients with leveraging location as a competitive advantage.
Throughout her practice, Ms. Harte has led her clients to achieve better business outcomes by integrating strategic planning techniques and implementation frameworks to drive internal stakeholder consensus around location decisions. She has managed major site selection projects for many Fortune 500 companies involving complex multi-jurisdictional competitive strategies. Pursuant to this work, she has structured, negotiated and secured over US$1billion in location incentives such as real estate and personal property tax abatements, sales tax exemptions, grants and specialty bond financing for her clients' projects.
"The appointment of Ms. Harte to the Board of Directors continues SusGlobal's strategy of expanding the strength and depth of its Board through the appointment of accomplished industry veterans," commented Marc Hazout, Executive Chairman, President and CEO of SusGlobal. "Susan brings significant experience in developing and implementing location strategies that align with our corporate goals and expansion objectives."
"Geography will be a key driver in SusGlobal's corporate performance as its model and regional strategy is ripe for export to municipalities across North America," commented Susan Harte. "I look forward to working with management and the Board and in being instrumental with implementing successful location strategies and in guiding the Company through state and local governmental and regulatory affairs."
Prior to her current position, Ms. Harte was a Senior Vice President at CBRE, the world's largest commercial real estate services and investment firm, in the global Location Advisory and Transactions Services group. She previously was Director of the Business Economic Incentives Practice at Jones Lang LaSalle, having joined the company after seven years with the New York City boutique law firm of Stadtmauer Bailkin. She also served a term as the Director of National Incentives Practice at Grant Thornton one of the largest accounting firms in the world and as Director of Industry Development at Empire State Development Corporation, New York State's economic development agency.
Following this appointment, SusGlobal's Board of Directors is comprised of four directors, three of them being independent.
About SusGlobal Energy Corp.
SusGlobal Energy Corp., the developer of SusGro™, a revolutionary pathogen free organic liquid fertilizer is a renewables company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste to energy and regenerative products applications globally. It is management's objective to grow SusGlobal into a significant sustainable waste to energy and regenerative products provider, as LEADERS IN THE CIRCULAR ECONOMY®. For more information, please visit the Company's website at: www.susglobalenergy.com
Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's objectives. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, lack of sufficient financial resources; variations in market conditions, currency and our stock; the Company's ability to obtain any necessary permits, approvals, consents or authorizations required for its activities; the Company's ability to produce energy, biogas, compost or organic fertilizer from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, which may be viewed at www.sec.gov.
Contact
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll Free: 1-866-512-7374
Email: [email protected]
Investor Relations Contact
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
(646) 829-9701
Email: [email protected]
SOURCE: SusGlobal Energy Corp.