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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 7, 2019, our board of directors (“Board”), acting upon the recommendation of the Board’s CEO Succession Committee and Nominating and Corporate Governance Committee, appointed Stephen Cotton to serve as Chief Executive Officer of Aqua Metals, Inc. (“Company”), in addition to serving in his current position as President of the Company. Mr. Cotton was also appointed to serve as a member of the Board. Mr. Cotton’s appointment to serve as Chief Executive Officer and to the Board is effective as of January 7, 2019.
Stephen Cotton, age 52, has served as President of the Company since May 2, 2018. Mr. Cotton also served as Chief Commercial Officer of the Company from January 2015 to June 9, 2017. Previously, Mr. Cotton co-founded Canara, Inc. in December 2001 and served as its chief executive officer through the sale of the company to a private equity firm in June 2012, after which he served as founder and executive chairman until April 2014. Canara is a global provider of stationary battery systems with integrated monitoring systems and cloud-based monitoring services to many of the largest data center operators. From April 2014 to January 2015 and June 9, 2017 to April 2018, Mr. Cotton managed his private investments.
Item 9.01 Financial Statements and Exhibits
| (d) Exhibits | Method Filing |
Aqua Metals, Inc. Exhibit
EX-99.1 2 ex99-1.htm NEWS RELEASE. For Immediate Release Contact: Alison Ziegler,…
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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.
