UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 24, 2023

 

AEMETIS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-36475

 

26-1407544

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

20400 Stevens Creek Blvd., Suite 700

Cupertino, California 95014

(Address of Principal Executive Office) (Zip Code)

 

(408) 213-0940

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Title of class of registered securities

 

Ticker Symbol

 

Name of exchange on which registered

Common Stock, par value $0.001 per share

 

AMTX

 

NASDAQ

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers;

 

The Governance, Compensation, and Nominating Committee (the “Committee”) of the Board of Directors of Aemetis, Inc. (the “Company”) held a special meeting on October 24, 2023, at which it considered bonus awards to management, including its named executive officers (the “Named Executive Officers”), and certain other employees of Aemetis, Inc. At that meeting, the Committee reviewed the progress of the Company in achieving key goals in several different segments of operations. The Committee also reviewed the salaries of its Named Executive Officers in conjunction with U.S. national average compensation levels obtained from a third-party compensation consultant.

 

In connection with its review, the Committee approved and authorized the payment of one-time bonuses to the Company’s Named Executive Officers in the following amounts: Eric A. McAfee, Chairman and Chief Executive Officer, bonus of $300,000; Todd A. Waltz, Executive Vice President and Chief Financial Officer, bonus of $250,000; Andrew B. Foster, Executive Vice President, North America, bonus of $250,000; Sanjeev Gupta, Executive Vice President, Aemetis International, bonus of $250,000; J. Michael Rockett, Executive Vice President, General Counsel and Corporate Secretary, bonus of $100,000.

   

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Aemetis, Inc.

 

 

 

 

 

October 27, 2023

By: 

/s/ Eric A. McAfee

 

 

 

Eric A. McAfee

 

 

 

Chairman/Chief Executive Officer

 

 

 

3

 

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Cover
Oct. 24, 2023
Cover [Abstract]  
Entity Registrant Name AEMETIS, INC.
Entity Central Index Key 0000738214
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date Oct. 24, 2023
Entity File Number 001-36475
Entity Incorporation State Country Code DE
Entity Tax Identification Number 26-1407544
Entity Address Address Line 1 20400 Stevens Creek Blvd
Entity Address Address Line 2 Suite 700
Entity Address City Or Town Cupertino
Entity Address State Or Province CA
Entity Address Postal Zip Code 95014
City Area Code 408
Local Phone Number 213-0940
Security 12b Title Common Stock
Trading Symbol AMTX
Security Exchange Name NASDAQ
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
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