Synthesis Energy Systems, Inc. (NASDAQ:SYMX) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement.
Effective December 31, 2018, Synthesis Energy Systems, Inc. (the “Company”) terminated the consulting agreements that it had in place with Lorenzo Lamadrid, Robert Rigdon, Harry Rubin and Robert Anderson, each of whom is a member of the board of directors of the Company.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 31, 2018, Charles M. Brown resigned from the Company’s board of directors and each of its committees on which he served. The resignation of Mr. Brown is not due to any disagreement with the Company. The Company greatly appreciated his participation and advice over the past four years.
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).