Synthesis Energy Systems, Inc. (NASDAQ:SYMX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On March 8, 2018, the board of directors (the “Board”) of Synthesis Energy Systems, Inc. (the“Company”) in accordance with the Company’s Certificate of Incorporation and Amended and Restated By-Laws, voted unanimously to expand the Board from seven directors to eight directors and to appoint Robert Anderson to fill the vacancy on the Board.
Mr. Anderson, age 60, is a seasoned commercial executive with over 25 years leading global sales and commercial teams for General Electric Energy. Prior to retiring from GE in June 2017, he most recently served as Vice President, GE Packaged Power, Inc. from February 2014 to June 2017. Concurrent with that role he was the GM, Global Sales for GE Aero Energy with strategic responsibility for a worldwide products and services team for their highly engineered aeroderivative gas turbine product. He has deep domain expertise structuring large project engineered transactions. Throughout his GE career, he held progressively responsible positions with assignments on Houston West Texas and Venezuela. As one of the original account managers of the business he helped grow the business from the tens of millions to the billions. Mr. Anderson is a graduated from the University of Texas with a BBA in International Business. He also holds a Diploma of Spanish Studies from the Universidad Complutense in Madrid. He is fluent in Spanish. Mr. Anderson has broad business experience which we believe will be an important addition to the Board.
The Company has also entered into an Indemnification Agreement with Mr. Anderson in the same form that the Company has entered into with its other executive officers and directors. There was no arrangement or understanding relating to Mr. Anderson’s appointment to the Board. The form of the Indemnification Agreement is incorporated herein by reference as Exhibit 10.1.
Item 7.01 Regulation FD Disclosure
In accordance with General Instruction B.2. of Form 8-K, the information presented under Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
On March 13, 2018, the Company presented at the 30th Annual ROTH Conference. A copy of the presentation materials is furnished as herewith as Exhibit 99.1 and is available on the Company’s website as www.synthesisenergy.com.
Item 8.01 Other Events.
On March 12, 2018, the Company issued a press release announcing the appointment of Mr.Anderson to the Board. A copy of the press release is filed herewith as Exhibit99.2.
Item 9.01 Financial Statements and Exhibits.
| 99.1 | Investor Presentation – March 2018.** |
* Filed herewith.
** Furnished herewith.
SYNTHESIS ENERGY SYSTEMS INC ExhibitEX-99.1 2 exh_991.htm EXHIBIT 99.1 Exhibit 99.1 Synthesis Energy Systems,…To view the full exhibit click here
About Synthesis Energy Systems, Inc. (NASDAQ:SYMX)
Synthesis Energy Systems, Inc. is a clean energy company that develops, builds and owns clean energy projects. The Company owns gasification technology, which it utilizes to provide technology licenses and equipment to customers in the energy and chemical industries. The Company operates through segments, including SES China, Technology Licensing and Related Services, and Corporate. The SES China segment includes all of the assets and operations and related administrative costs for China, including initial closing costs relating to its joint ventures. The Technology Licensing and Related Services segment includes all of the Company’s operating activities outside of China. The Corporate segment includes the executive and administrative expenses of the corporate office in Houston. The Company offers U-GAS fluidized bed gasification technology, which is known as Synthesis Energy Systems Gasification Technology (SGT).