ALPHA-EN CORPORATION (OTCMKTS:ALPE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On November 1, 2017, the Board of Directors (the “Board”) of alpha-En Corporation (the “Company”) appointed Sam Pitroda to serve as Chief Executive Officer, succeeding Steve Fludder who submitted his resignation as Chief Executive Officer to the Company on October 30, 2017, with such resignation to be effective as of November 1, 2017. Mr. Fludder’s resignation and Mr. Pitroda’s appointment were each effective as of November 1, 2017. Mr. Fludder will continue to support the Company in a consulting capacity.
Mr. Pitroda is an information technology and telecommunications inventor and entrepreneur. He was the founder and former Chief Executive Officer of C-Sam, Inc. a provider of mobile wallets and other on-device software, which was founded in 1998 and purchased in 2014 by MasterCard. Earlier in his career Mr. Pitroda also founded a number of other telecommunications companies in India and the U.S. Mr. Pitroda also served as advisor to Prime Minister Indira Gandhi of India on Public Information Infrastructure and Innovation and as a Cabinet Minister under Rajiv Gandhi. Mr. Pitroda has an MS and BS in Physics from Maharaja Sayajai Rao University in India and an M.S. in Electrical Engineering from Illinois Institute of Technology.
There are no arrangements or understandings between Mr. Pitroda and any other persons to which he was appointed Chief Executive Officer. There are also no family relationships between Mr. Pitroda and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
On November 1, 2017 the Company issued a press release entitled “Alpha-En Corporation Announces Sam Pitroda as New Chief Executive Officer”. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information disclosed in this Item 8.01, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
|Item 9.01||Financial Statements and Exhibits.|
99.1 Press Release, dated November 1, 2017
alpha-En Corp ExhibitEX-99.1 2 ex99-1.htm Exhibit 99.1 Alpha-En Corporation Announces Sam Pitroda as New Chief Executive Officer World renowned technology entrepreneur,…To view the full exhibit click
About ALPHA-EN CORPORATION (OTCMKTS:ALPE)
alpha-En Corporation is a development-stage company. The Company is engaged in developing a business centered in the commercial manufacturing of pure lithium metal. It focuses on including lithium products and processes derived from the Company’s technology, which include battery components, such as protected anodes and compounds of lithium, among others. It has also created a carbon neutral technology. The Company is focused on enabling battery technologies by developing and bringing to market materials produced in an environmentally sustainable manner. It has also developed a process for the production of Lithium Metal at room temperature using clean technology, which can be met without harming the environment. Its process even allows for the deposition and intercalation of lithium into custom substrates, which streamlines the manufacturing of very small batteries. The Company’s subsidiary is Clean Lithium Corporation. As of December 31, 2015, the Company had no revenues.