Synthesis Energy Systems, Inc. (NASDAQ:SYMX) Files An 8-K Termination of a Material Definitive AgreementItem 1.02
The employment agreement of Chris Raczkowski with Synthesis Energy Systems, Inc. (the“Company”) dated effective as of January 3, 2017, as amended effective June 30, 2017, was terminated in connection his departure from the Company as described below under Item 5.02.
| Item 2.02 | Results of Operations and Financial Condition. |
In accordance with General Instruction B.2. of Form 8-K, the information presented under this Item 2.02 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 February 12, 2018, the Company issued an earnings release announcing the financial results for its fiscal second quarter ended December 31, 2017. A copy of the press release is furnished herewith as Exhibit 99.1.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |
As of May 10, 2018, Chris Raczkowski, the Company’s President – Asia and Corporate Secretary, is no longer employed by the Company. In connection with his departure, and as noted under Item 1.02 above, Mr. Raczkowski’s employment agreement with the Company dated effective as of January 3, 2017, as amended effective June 30, 2017, was terminated immediately upon his departure, subject to the continued enforcement of the provisions relating to non-competition, non-solicitation and confidentiality.
| Item 9.01. | Financial Statements and Exhibits. |
** Furnished herewith.
SYNTHESIS ENERGY SYSTEMS INC ExhibitEX-99.1 2 exh_991.htm EXHIBIT 99.1 EdgarFilingEXHIBIT 99.1Synthesis Energy Systems Reports Fiscal 2018 Third Quarter Financial Results HOUSTON,…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).
