Amprius Technologies, Inc. current report, 13 June 2023

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Amprius Technologies, Inc. — Form 8-K Summary

Business Context and Reporting Period

Amprius Technologies, Inc. filed a Form 8-K reporting a corporate governance change effective June 13, 2023. The filing is not a quarterly or annual financial report and does not provide operating or financial results.

Board Appointment and Committee Assignment

  • The Board elected Mary Gustanski as a Class II director.
  • Her term is scheduled to expire at the Company’s 2024 annual meeting of stockholders.
  • Ms. Gustanski was appointed to the Board’s Compensation Committee.
  • The Board determined that she is independent and satisfies applicable New York Stock Exchange independence requirements.

Compensation, Indemnification, and Related-Party Matters

  • Ms. Gustanski will receive compensation under the Company’s existing outside-director compensation policy.
  • She will enter into the Company’s standard indemnification agreement, covering certain expenses, including attorneys’ fees, judgments, fines, and settlements arising from specified service-related proceedings.
  • The filing states that there are no reportable transactions involving Ms. Gustanski or her immediate family under Item 404(a) of Regulation S-K.
  • The appointment was not made pursuant to an arrangement or understanding between Ms. Gustanski and any other person.

Financial Metrics, Outlook, and Risks

The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, financial guidance, operating outlook, or material business risks. No unusual financial items or contingencies are disclosed beyond the director indemnification arrangement.

Key Facts for Investors to Verify

  • Confirm Ms. Gustanski’s election as a Class II director and her expected term through the 2024 annual meeting.
  • Review her appointment to the Compensation Committee and the Board’s independence determination.
  • Review the Company’s outside-director compensation policy and the form of indemnification agreement incorporated by reference.
  • Assess any future governance, compensation, or committee changes in subsequent SEC filings.