Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 32

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 32
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 be able to grant ISOs, the individual award limit will not be increased to 3% of our outstanding number of issued shares from time to time and the existing Incentive Plan (not as amended and restated by the Amended Plan) will continue in full force and effect, without giving effect to the Amended Plan, and we may continue to grant equity-based awards under the Incentive Plan subject to shares remaining available for grant under the Incentive Plan.

Additionally, if this Proposal is not approved, the out-of-court process will not be implemented, and instead the Pre-Packaged Chapter 11 Plan (as summarized in the “Background for Our Proposals” section above) will be implemented and the equity interests of our stockholders will be extinguished.

Material Terms of the Amended Plan

Summary of the Amended Plan

This section summarizes certain principal features of the Amended Plan. The summary is qualified in its entirety by reference to the complete text of the Amended Plan, which is attached hereto as Appendix D.

Eligibility; Administration

Employees and non-employee directors of our Company or any of its affiliates and consultants, advisers or other persons or entities that can be granted an award that is eligible to be registered on a Form S-8 Registration Statement will be eligible to receive awards under the Amended Plan. Approximately 39 employees, 3 non-employee directors (provided, that, subject to the implementation of the out-of-court process and the appointment of Curt Hebert, 4 non-employee directors will be eligible to receive awards under the Amended Plan), and 1 consultant is eligible to receive awards under the Amended Plan. The Amended Plan will be administered by the Board or, to the extent it has delegated its authority under the Amended Plan, the Compensation Committee of the Board (or such other committee of the Board) (the “Plan Administrator”). The Compensation Committee is comprised of “nonemployee directors” for purposes of Rule 16b-3 under the Exchange Act. The Plan Administrator has the power in its discretion to grant awards under the Amended Plan, to designate the eligible participants, to determine the terms and conditions of such awards, to construe and interpret the provisions of the Amended Plan, and to make any other determination and take any other action as it deems necessary or desirable for the administration of the Amended Plan and to protect our interests, among other authority provided under the Amended Plan.

Limitation on Awards and Shares Available

As of January