Business Context and Reporting Period
This Form 8-K Current Report was filed by Aqua Metals, Inc. on August 30, 2017. The company is an emerging growth company incorporated in Delaware, headquartered in Alameda, California. The report addresses corporate governance changes under Item 5.02.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is a shift in Board composition:
- Resignation: Thomas Murphy resigned from the Board of Directors on August 30, 2017.
- Appointment: Selwyn Mould was appointed to the Board on the same day to fill the vacancy.
Management Commentary and Background
Mr. Mould is a co-founder of Aqua Metals, Inc. and has served as Chief Operating Officer since the company's inception in June 2014. He was instrumental in the research and development of the company's AquaRefining process alongside CEO Dr. Stephen R. Clarke. His professional background includes:
- Chief Operating Officer at Applied Intellectual Capital, Ltd. (2008–2013).
- Head of supply chain for Group Lotus Plc (1999–2007).
- Head of logistics for Pilkington Plc.
- Production manager for Chloride Industrial Batteries Ltd.
The Board concluded that Mr. Mould's extensive knowledge of the battery industry and electro-chemical technologies qualifies him to serve as a director.
Key Facts for Investor Verification
- Confirm the effective date of Thomas Murphy's resignation and Selwyn Mould's appointment (August 30, 2017).
- Verify Mr. Mould's continued role as Chief Operating Officer alongside his new directorship.
- Note that this filing contains no financial updates; investors should refer to the most recent 10-K or 10-Q for financial status.