SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
|(State or other jurisdiction
|(Address of principal executive offices)||(Zip code)|
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
|Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading
Name of each exchange
on which registered
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2).
Emerging growth company
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
|Item 5.02||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
Effective on July 18, 2022, the Board of Directors (the “Board”) of Solid Power, Inc. (the “Company”) increased the size of the Board from eight directors to nine directors and filled the newly created vacancy by appointing MaryAnn Wright as a director of the Company. The Board designated Ms. Wright as a Class II director, to serve until the Company’s 2023 annual meeting of stockholders. Ms. Wright was also appointed to the Compensation Committee of the Board.
Ms. Wright will be compensated in accordance with the Company’s outside director compensation policy, which has previously been filed with the Securities and Exchange Commission (the “SEC”). In addition, the Company and Ms. Wright entered into the Company’s standard indemnification agreement, the form of which has previously been filed with the SEC.
There have been no transactions with the Company and there are currently no proposed transactions with the Company that would be required to be disclosed under Item 404(a) of Regulation S-K. No arrangement or understanding exists between Ms. Wright and any other person pursuant to which Ms. Wright was selected as a director of the Company.
|Item 8.01||Other Events.|
On July 18, 2022, the Company issued a press release announcing Ms. Wright’s appointment to the Board. The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Internet addresses in the press release are for informational purposes only and are not intended to be hyperlinks to other information of the Company.
|Item 9.01||Financial Statements and Exhibits.|
See the Exhibit index below, which is incorporated herein by reference.
|99.1||Press Release, dated July 18, 2022.|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document).|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: July 18, 2022
|SOLID POWER, INC.|
/s/ James Liebscher
|Name: James Liebscher|
|Title: Chief Legal Officer and Secretary|
Solid Power Appoints Seasoned Automotive Industry Executive
MaryAnn Wright to Board of Directors
|–||Wright brings to the Solid Power board extensive experience in automotive industry as well as public company, leadership and energy storage expertise|
LOUISVILLE, Colo., July 18, 2022 – Solid Power, Inc. ("Solid Power") (Nasdaq: SLDP), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced its board of directors appointed MaryAnn Wright to the board, effective July 18, 2022, bringing the total number of board members to nine.
Ms. Wright brings to the Solid Power board more than 30 years’ experience building successful, high-performing teams, primarily in the automotive industry. Ms. Wright spent the first 18 years of her career at Ford Motor Company, where she served as Director, Sustainable Mobility Technologies and Hybrid Vehicle Programs. While at Ford, she was also the Chief Engineer of the 2005 Ford Escape Hybrid, the industry’s first hybrid-electric SUV, and led the launch of Ford’s first hydrogen-powered fuel cell fleet program. Most recently, Ms. Wright worked for Johnson Controls International PLC (NYSE:JCI), where she held various leadership positions, including serving as Group Vice President of Engineering and Product Development. In addition, Ms. Wright previously served as Vice President and General Manager for Johnson Controls Hybrid Systems and CEO of Johnson Controls-Saft (JCS), where she established JCS as a leading global provider of advanced battery systems. Prior to joining Johnson Controls, Ms. Wright served as Executive Vice President of Engineering, Product Development, Commercial and Program Management for Collins & Aikman Corporation. Ms. Wright currently serves on the boards of directors of Group 1 Automotive, Inc. (NYSE:GPI), Micron Technology (Nasdaq:MU), and Brunswick Corporation (NYSE:BC).
“We are excited to welcome MaryAnn to Solid Power’s board of directors,” said David Jansen, Chairperson and President of Solid Power. “MaryAnn’s recognized leadership in the automotive industry, and in particular her experience with public companies and energy storage technologies, make her a valuable addition to our board.”
Ms. Wright will serve as an independent director and a member of the board’s compensation committee.
About Solid Power
Solid Power is an industry-leading developer of all-solid-state rechargeable battery cells for electric vehicles and mobile power markets. Solid Power replaces the flammable liquid electrolyte in a conventional lithium-ion battery with a proprietary sulfide-based solid electrolyte. As a result, Solid Power's all-solid-state battery cells are expected to be safer and more stable across a broad temperature range, provide an increase in energy density compared to the best available rechargeable battery cells, enable less expensive, more energy-dense battery pack designs and be compatible with traditional lithium-ion manufacturing processes. For more information, visit http://www.solidpowerbattery.com/.
Solid Power Contact Information
Chief Financial Officer
1 (800) 799-7380
Marketing Communications Director