LOOP INDUSTRIES, INC. (OTCMKTS:LLPP) Files An 8-K Other Events

LOOP INDUSTRIES, INC. (OTCMKTS:LLPP) Files An 8-K Other Events
Item 8.01. Other Events.

Board Composition.
On May 10, 2019, Loop Industries, Inc. (the “Company”) filed its Definitive Proxy Statement wherein it disclosed that Mr. Willy Kruh would join its Board of Directors and Chair the Audit Committee effective October 1, 2019.
The Company no longer plans to appoint a new director and has no short-term plans to increase the size of the Board of Directors. Laurence Sellyn, the Company’s independent lead director, is assuming the Chair of the Audit Committee. Sidney Horn, an independent director, will Chair the Nominating and Governance Committee, of which Mr. Sellyn is the Chair. Lastly, Andrew Lapham, an independent director, has assumed the Chair of the Compensation Committee.
About LOOP INDUSTRIES, INC. (OTCMKTS:LLPP)

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Loop Industries, Inc., formerly First American Group Inc., is a manufacturer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), the chemical components used in manufacturing polyethylene terephthalate (PET). The Company is engaged in designing, prototyping and building a closed loop plastics recycling business using a de-polymerization technology. Its technology uses waste PET plastics, such as water bottles, soda bottles, consumer packaging, carpets and industrial waste as feedstock to process. These feedstocks are available through municipal triage centers, industrial recycling and landfill reclamation projects. The Company operates in the United States and Canada. The Company focuses on depolymerizing waste plastics and converts them into valuable chemicals, ready to be reintroduced into the manufacturing of virgin plastics.

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