UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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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 (see General Instruction A.2. below):
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers;
The Governance, Compensation, and Nominating Committee (the “Committee”) of the Board of Directors of Aemetis, Inc. (the “Company”) held a special meeting on October 24, 2023, at which it considered bonus awards to management, including its named executive officers (the “Named Executive Officers”), and certain other employees of Aemetis, Inc. At that meeting, the Committee reviewed the progress of the Company in achieving key goals in several different segments of operations. The Committee also reviewed the salaries of its Named Executive Officers in conjunction with U.S. national average compensation levels obtained from a third-party compensation consultant.
In connection with its review, the Committee approved and authorized the payment of one-time bonuses to the Company’s Named Executive Officers in the following amounts: Eric A. McAfee, Chairman and Chief Executive Officer, bonus of $300,000; Todd A. Waltz, Executive Vice President and Chief Financial Officer, bonus of $250,000; Andrew B. Foster, Executive Vice President, North America, bonus of $250,000; Sanjeev Gupta, Executive Vice President, Aemetis International, bonus of $250,000; J. Michael Rockett, Executive Vice President, General Counsel and Corporate Secretary, bonus of $100,000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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October 27, 2023 | By: | /s/ Eric A. McAfee |
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| Eric A. McAfee |
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| Chairman/Chief Executive Officer |
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Cover |
Oct. 24, 2023 |
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Cover [Abstract] | |
Entity Registrant Name | AEMETIS, INC. |
Entity Central Index Key | 0000738214 |
Document Type | 8-K |
Amendment Flag | false |
Entity Emerging Growth Company | false |
Document Period End Date | Oct. 24, 2023 |
Entity File Number | 001-36475 |
Entity Incorporation State Country Code | DE |
Entity Tax Identification Number | 26-1407544 |
Entity Address Address Line 1 | 20400 Stevens Creek Blvd |
Entity Address Address Line 2 | Suite 700 |
Entity Address City Or Town | Cupertino |
Entity Address State Or Province | CA |
Entity Address Postal Zip Code | 95014 |
City Area Code | 408 |
Local Phone Number | 213-0940 |
Security 12b Title | Common Stock |
Trading Symbol | AMTX |
Security Exchange Name | NASDAQ |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
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