LOOP INDUSTRIES, INC. (OTCMKTS:LLPP) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
On January 9, 2019, Loop Industries, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of fiscal year ending February 28, 2019. A copy of the Company’s press release is attached hereto as Exhibit 99.1.
The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 4, 2019, Ms. Antonella Penta, VP and General Counsel of Loop Industries, Inc. (the “Company”), tendered her resignation, which shall be effective February 3, 2019. Following Ms. Penta’s resignation, Ms. Penta’s duties will be assumed by other members of management until her replacement is named. Ms. Penta’s resignation was a personal decision to return to private practice and not due to any disagreement with the Company’s management team, operations, financials, policies or procedures. Ms. Penta will be available to the Company as required following her departure.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press Release, dated January 9, 2019 |
Loop Industries, Inc. Exhibit
EX-99.1 2 loop_ex991.htm PRESS RELEASE loop_ex991.htmEXHIBIT 99.1 LOOP INDUSTRIES REPORTS THIRD QUARTER OF FISCAL 2019 CONSOLIDATED RESULTS AND ACHIEVES SIGNIFICANT MILESTONES AS IT APPROACHES COMMERCIALIZATION · Announced multi-year supply agreement with PepsiCo Inc. · Announced multi-year supply framework with Coca-Cola system’s Cross Enterprise Procurement Group · Announced joint venture with Indorama Ventures Public Company Limited · Announced agreement with thyssenkrupp Industrial Solutions’ division,…
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About LOOP INDUSTRIES, INC. (OTCMKTS:LLPP)
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.