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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
September 15, 2022
Date of Report (date of earliest event reported)
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OPAL Fuels Inc.
(Exact name of registrant as specified in its charter)
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Delaware (State or other jurisdiction of incorporation or organization) | 001-40272 (Commission File Number) | 98-1578357 (I.R.S. Employer Identification Number) |
One North Lexington Avenue, Suite 1450 White Plains, New York 10601 |
(Address of principal executive offices and zip code) |
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(914) 705-4000 |
(Registrant's telephone number, including area code) |
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| (Former name or former address, if changed since last report) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act: |
Title of each class | Trading Symbol | Name of each exchange on which registered |
| Class A common stock, par value $.0001 per share | OPAL | The Nasdaq Stock Market LLC |
| Warrants, each whole warrant exercisable for one share of Class A Common Stock | OPALW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
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 September 15, 2022, the Board of Directors ( the "Board") of OPAL Fuels Inc (the "Company") approved its form of restricted stock unit award agreement (the "Restricted Stock Unit Award Agreement"). The Restricted Stock Unit Award Agreement governs the issuance of restricted stock units (the "Restricted Stock Units") to members of the Board of Directors and certain eligible employees and officers of the Company pursuant to the OPAL Fuels Inc. 2022 Omnibus Equity Incentive Plan (the “Plan”), which was approved by the shareholders on July 21, 2022.
The foregoing does not purport to be a complete description of the Restricted Stock Unit Award Agreement and is qualified in its entirety to the form of the Restricted Stock Unit Award Agreement filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
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| Exhibit Number | | Description |
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| 10.1 | | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 19, 2022
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| OPAL Fuels Inc. |
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By: | /s/ Ann Anthony |
Name: | Ann Anthony |
Title: | Chief Financial Officer |