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 Officers
Item 5.02
On May 13, 2020, in connection with the CFO Resignation, the Board appointed Mr. Thomas A. Suppanz as the Company’s Chief Financial Officer, effective immediately.
Thomas A. Suppanz, age 66. Mr. Suppanz has served as the Company’s Managing Director of Finance since June 2016, following a 35-year career on Wall Street as an Investment Banker with firms such as Oppenheimer and National Securities. Mr. Suppanz began his career as the Chief Accountant at VOEST Alpine USA, the U.S. subsidiary of a major European steel conglomerate. Mr. Suppanz holds a Masters Degree in Business from the Karl-Franzens University of Graz, Austria.
There is no arrangement or understanding between Mr. Suppanz and any other persons to which Mr. Suppanz was selected as an officer. There are no family relationships between Mr. Suppanz and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company within the meaning of Item 401(d) of Regulation S-K under the Securities Act (“Regulation S-K”).
Since the beginning of the Company’s last fiscal year, the Company has not engaged in any transaction in which Mr. Suppanz had a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K.
No arrangements have been made yet between Mr. Suppanz and the Company pertaining to his compensation as CFO. Mr. Suppanz was compensated for his services as Managing Director of Finance of the Company at a rate of $4,000 per month, and he shall continue to be compensated at the same rate until such arrangements are made.
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.
