374Water Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by 374Water Inc. (SCWO) on February 24, 2026, reporting events occurring on February 23, 2026. The filing addresses significant changes in executive leadership, specifically the appointment of a permanent President and Chief Executive Officer (CEO) and the concurrent resignation of the interim CEO.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to executive compensation:
- Base Salary: $225,000 per year for the new CEO.
- Signing Bonus: $50,000 for the new CEO.
Material Changes
The primary material change is the transition of executive leadership:
- Appointment: Danny Bogar was appointed President and CEO, effective February 23, 2026. Mr. Bogar, age 66, had previously served in a business development role at the company since 2021 and formerly led PowerVerde Inc. prior to its merger with 374Water Inc.
- Resignation: Stephen Jones resigned as Interim President and CEO, effective February 23, 2026. Mr. Jones had served in this interim capacity since October 8, 2025, during the search for a permanent leader.
Outlook, Risks, and Management Commentary
The filing confirms that the appointment of Mr. Bogar concludes the search for a permanent CEO. There are no disclosed family relationships between Mr. Bogar and other directors or officers, and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. The filing incorporates a press release (Exhibit 99.1) for further details but does not contain specific forward-looking guidance, risk factors, or contingencies beyond the standard executive transition.
Key Facts for Investor Verification
- Verify the effective date of Danny Bogar's appointment and Stephen Jones' resignation (February 23, 2026).
- Confirm the total initial compensation package for the new CEO ($275,000 including signing bonus).
- Review the attached press release (Exhibit 99.1) for strategic context regarding the leadership change.
- Note that this filing contains no updated financial results; investors should refer to the most recent 10-K or 10-Q for financial performance.