Business Context and Reporting Period
This Form 8-K Current Report was filed by Perimeter Solutions, SA on April 4, 2022. The filing addresses corporate governance changes, specifically the appointment of a new director and the resignation of an existing director.
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
- Board Resignation: Kevin Stein informed the Company on April 4, 2022, that he decided not to continue as a director. He previously served as Chair of the Compensation Committee and a member of the Audit Committee.
- Board Appointment: Bernt Iversen II was appointed to the Board of Directors effective immediately to fill the vacancy created by Mr. Stein.
- Committee Assignments: Mr. Iversen was appointed Chair of the Compensation Committee and a member of the Audit Committee. Robert S. Henderson, a current board member, was appointed as a member of the Compensation Committee.
- Disputes: The Company stated there are no disagreements or disputes with Mr. Stein regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of material risks. Regarding the new director, Mr. Iversen will participate in standard non-employee independent director compensation arrangements. There are no undisclosed transactions involving Mr. Iversen or his immediate family requiring disclosure.
Key Facts for Investor Verification
- Verify the effective date of Bernt Iversen II's appointment and his term expiration at the 2022 Annual Meeting of Shareholders.
- Confirm the specific compensation structure for non-employee directors as referenced in the Form S-4 filed on November 4, 2021.
- Review the Company's subsequent filings to ensure the Board composition remains stable following this transition.