NANOPHASE TECHNOLOGIES CORPORATION (OTCMKTS:NANX) 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
On January 13, 2020, Mr. W. Ed Tyler, a member of the Board of Directors (the “Board”) of Nanophase Technologies Corporation (the “Company”) since 2011, announced his intention to retire from the Board. Mr. Tyler had discussed this potentiality with the Board in the past and currently decided that for personal reasons, his retirement would be effective immediately. The Board thanks Mr. Tyler for his service to the Company and its shareholders. Upon this announcement, the Board will begin the process of recruiting an additional director to fill the vacancy created by Mr. Tyler’s retirement.
About NANOPHASE TECHNOLOGIES CORPORATION (OTCMKTS:NANX)
Nanophase Technologies Corporation is a materials and applications developer and commercial manufacturer with an integrated family of materials technologies. The Company produces engineered nano and sub-micron materials for use in a range of markets, including personal care, including sunscreens, architectural coatings, industrial coating applications, abrasion-resistant additives, plastics additives, medical diagnostics, energy, and a range of surface finishing technologies (polishing) applications, including optics. The technologies are designed to offer nanomaterial solutions for a targeted market or a specific customer application. The Company’s nanomaterials platform includes over two distinct manufacturing processes (Plasma Vapor Synthesis (PVS) and NanoArc Synthesis (NAS)) to make nanomaterials or nanoparticles. The Company’s products include Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Cerium Oxide, Iron Oxide and Zinc Oxide.