ScanTech AI Systems Inc 8-K, filed Aug 27, 2025
ScanTech AI Systems Inc. (STAI)
About this 8-K
ScanTech AI Systems Inc filed this 8-K on August 27, 2025, reporting on events of August 22, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
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CURRENT REPORT
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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 August 22, 2025, Mr. Thomas McMillen notified the Board of Directors (the "Board") of ScanTech AI Systems Inc. (the "Company") of his decision to resign from the Board and all respective committees of which he was a member, effective immediately. Mr. McMillen’s resignation is not the result of any dispute or disagreement with the Company or the Board on any matter relating to the operations, policies or practices of the Company.
In connection with the resignation of Mr. McMillen, Michael McGarrity, an existing independent director and current member of the Nominating and Corporate Governance Committee, was appointed as the new chair of the Nominating and Corporate Governance Committee by the Board. In addition, Bradley Buswell, current Chairman of the Board and an existing independent director, was appointed by the Board to serve on the Audit Committee to replace the vacancy left by the resignation of Mr. McMillen.
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.
| Date: August 27, 2025 | SCANTECH AI SYSTEMS INC. | |
| By: | /s/ Dolan Falconer | |
| Name: | Dolan Falconer | |
| Title: | Chief Executive Officer | |