FUEL TECH, INC. (NASDAQ:FTEK) 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed in a Current Report on Form 8-K for an event dated February 27, 2019 (filed with the Securities Exchange Commission on March 4, 2019), the Compensation Committee (the “Committee”) of the Board of Directors of Fuel Tech, Inc. (“Fuel Tech” or the “Company”) authorized the Company to enter into a 2019 Executive Performance RSU Award Agreement (the “2019 Agreement”) with certain officers, including its President and Chief Executive Officer and Principal Financial Officer and Controller on February 27, 2019. On March 21, 2019, the Committee adopted a form of 2019 Agreement to be entered into with such executive officers, the form of which is attached as Exhibit 10.1 and incorporated by reference in its entirety.
FUEL TECH, INC. Exhibit
EX-10.1 2 exhibit10execperformancers.htm EXHIBIT 10.1 Exhibit 2019 EXECUTIVE PERFORMANCE RSU AWARD AGREEMENTThis Executive Performance RSU Award Agreement (the “Agreement”) is hereby entered effective as of ______________ (the “Award Date”),…
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About FUEL TECH, INC. (NASDAQ:FTEK)
Fuel Tech, Inc. is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion. The Air Pollution Control technology segment includes technologies to manage nitrogen oxides (NOx) emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. The FUEL CHEM technology segment uses chemical processes in combination with computational fluid dynamics (CFD) and chemical kinetics modeling (CKM) boiler modeling, for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace. The Fuel Conversion segment represents the CARBONITE fuel conversion process and technology.
