AQUA METALS, INC. (NASDAQ:AQMS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 27, 2018, Mark Weinswig informed us that he will be resigning as our Chief Financial Officer effective as of March 5, 2018. On March 1, 2018, our Board of Directors approved the appointment of Thomas Murphy to serve as our Chief Financial Officer effective as of March 5, 2018. Mr. Weinswig will continue with us in a consulting capacity for the near term.
Mr. Murphy is a co-founder of our company and served as our Chief Financial Officer from our inception in June 2014 through August 10, 2017, at which time Mr. Murphy elected retirement. Mr. Murphy also served as a member of our Board of Directors from our inception through August 30, 2017, at which time he resigned from our Board. From May 2013 to June 2014, Mr. Murphy worked alongside his fellow co-founders, Dr, Stephen Clarke and Selwyn Mould, in the development of our AquaRefining process and current business. From September 2009 to May 2013, Mr. Murphy served as Chief Financial Officer of Applied Intellectual Capital, Ltd. In addition Mr. Murphy has over 30 years’ experience in senior financial positions working in publishing, construction and aviation industries. Mr. Murphy has advised us that he has accepted the Chief Financial Officer position on an interim basis and we intend to commence a search for a permanent Chief Financial Officer.
On March 5, 2018, we issued a press release announcing the resignation of Mr. Weinswig and appointment of Mr. Murphy. A copy of the press release is filed with this report as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
The following exhibit is filed with this report:
Aqua Metals, Inc. ExhibitEX-99.1 2 s109149_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Aqua Metals Announces Change to Executive Management Team Announces Departure of Chief Financial Officer Mark Weinswig,…To view the full exhibit click
About AQUA METALS, INC. (NASDAQ:AQMS)
Aqua Metals, Inc. is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters. Its AquaRefining process begins with the crushing of used LABs and the separation of the metallic lead, active material (lead compounds), sulfuric acid and plastic for recycling. The active material is dissolved in its solvent. The primary lead is then stripped from the solvent using its automated process allowing the solvent to be reused continuously and indefinitely. Its AquaRefining process generates over three outputs, such as lead; cleaned plastic chips, recovered from battery casings, and sulfuric acid. The Company has not generated revenues.