0001477932-19-003849.txt : 20190701 0001477932-19-003849.hdr.sgml : 20190701 20190701213816 ACCESSION NUMBER: 0001477932-19-003849 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190627 FILED AS OF DATE: 20190701 DATE AS OF CHANGE: 20190701 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Solomita Daniel CENTRAL INDEX KEY: 0001649149 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38301 FILM NUMBER: 19935152 MAIL ADDRESS: STREET 1: 1999 AVENUE OF THE STARS, SUITE 2520 CITY: LOS ANGELES STATE: CA ZIP: 90067 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Loop Industries, Inc. CENTRAL INDEX KEY: 0001504678 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 272094706 STATE OF INCORPORATION: NV FISCAL YEAR END: 0228 BUSINESS ADDRESS: STREET 1: 480 FERNAND POITRAS CITY: TERREBONNE STATE: A8 ZIP: J6Y 1Y4 BUSINESS PHONE: 781-821-6600 MAIL ADDRESS: STREET 1: 480 FERNAND POITRAS CITY: TERREBONNE STATE: A8 ZIP: J6Y 1Y4 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AMERICAN GROUP INC. DATE OF NAME CHANGE: 20101101 4 1 form4.xml FORM 4 X0306 4 2019-06-27-06:00 false 0001504678 Loop Industries, Inc. LOOP 0001649149 Solomita Daniel 480 FERNAND POITRAS TERREBONNE A8 J6Y 1Y4 QUEBEC, CANADA true true true false President and CEO Restricted Stock Units 2019-06-27-06:00 4 A false 1000000 0 A Common Stock 1000000 1000000 D Restricted Stock Units 2019-06-27-06:00 4 A false 3000000 0 A Common Stock 3000000 3000000 D Pursuant to Mr. Solomita's amended and restated employment agreement, dated July 13, 2018, the Company's board of directors (the "Board") previously approved a grant of 4,000,000 restricted stock units (the "RSUs") to Mr. Solomita, subject to certain performance-based and time-based vesting requirements and effective and contingent upon approval by the Company's shareholders at the Company's 2019 annual meeting of an increase in the number of shares available for grant under the Company's 2017 Equity Incentive Plan (the "Plan"). On June 27, 2019, the Company's shareholders approved the increase to the Plan and the grant of the 4,000,000 RSUs was made, subject to the certain performance-based and time-based vesting requirements described below. 1,000,000 of the RSUs vest upon the achievement of each four certain performance milestones. Once vested in accordance with the milestones, one-fifth of the RSUs will be settled annually, generally commencing on the first settlement date following the date of vesting. The first performance milestone has already been achieved and thus 1,000,000 of the RSUs are already vested. In accordance with the grant terms, one-fifth of these 1,000,000 RSUs will be settled annually commencing on the first settlement date following the date of vesting. Exhibit List: Exhibit 24 - Power of Attorney /s/ Daniel Solomita 2019-07-01-06:00 EX-24 2 doc1.htm POWER OF ATTORNEY doc1.htm

 

 

EXHIBIT 24

 

POWER OF ATTORNEY

 

The undersigned, as a Section 16 reporting person of Loop Industries, Inc. (the “Company”), hereby constitutes and appoints Nelson Gentiletti and Michel Megelas the undersigned’s true and lawful attorney-in-fact to:

 

1. complete and execute Forms 3, 4 and 5 and other forms and all amendments thereto as such attorneys-in-fact shall in their discretion determine to be required or advisable pursuant to Section 16 of the Securities Exchange Act of 1934 (as amended) and the rules and regulations promulgated thereunder, or any successor laws and regulations, as a consequence of the undersigned’s ownership, acquisition or disposition of securities of the Company; and

 

2. do all acts necessary in order to file such forms with the Securities and Exchange Commission, any securities exchange or national association, the Company and such other person or agency as the attorneys-in-fact shall deem appropriate.

 

The undersigned hereby ratifies and confirms all that said attorneys‑in-fact and agent shall do or cause to be done by virtue hereof.  The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 (as amended).

 

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the Company and the foregoing attorney-in-fact.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 1st day of July, 2019.

 

    
Signature:/s/ Daniel Solomita 

 

 

 
 Print Name:Daniel Solomita