ESS Tech, Inc. current report, 26 August 2022

ESS Tech, Inc. Form 8-K Summary

Business context and reporting period

ESS Tech, Inc. filed this Current Report on August 26, 2022, reporting an event occurring on August 24, 2022. The filing concerns a change in the Company’s accounting leadership and does not provide financial results for a reporting period.

Key financial metrics

The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other financial metrics.

Material changes versus the prior comparable period

  • Jeff Bodner resigned as Chief Accounting Officer, effective September 12, 2022.
  • The Company stated that Mr. Bodner’s departure was not due to any disagreement regarding operations, policies, practices, controls, financial or accounting matters, or disclosures.
  • Effective upon Mr. Bodner’s departure, Chief Financial Officer Amir Moftakhar will assume the responsibilities of principal accounting officer on an interim basis.

Guidance, outlook, risks, contingencies, and unusual items

No financial guidance or operating outlook was provided. The interim assignment creates a temporary change in the Company’s principal accounting officer responsibilities; the filing does not state when a permanent replacement will be appointed.

Investor verification items

  • Verify the effective date of the resignation: September 12, 2022.
  • Monitor subsequent filings for the appointment of a permanent chief accounting officer or changes to the interim arrangement.
  • Review subsequent financial filings for any effects on internal controls, financial reporting, or disclosures.