Advent Technologies Holdings Inc (ADN)

[WeTheMarket]

Form 8-K
January 11, 2024
https://ih.advfn.com/stock-market/NASDAQ/advent-technologies-ADN/stock-news/93023156/form-8-k-current-report


Chief Financial Officer Resignation

On January 05, 2024, Kevin L. Brackman, Chief Financial Officer of Advent Technologies Holdings, Inc., a Delaware corporation (the “Company” or “Advent”), resigned from all of his positions at the Company and its subsidiaries, effective immediately.

Chief Financial Officer Appointment

In connection with Mr. Brackman’s resignation, the Board of Directors of the Company (the “Board”) on January 10, 2024, 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. Mr. Hussein has served as Advent’s Chief Investment Officer since 2021.

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.

Any further information required under Item 5.02(c) will be disclosed in a supplemental or amended filing on Form 8-K, as needed.