Company: AMTX
Filing Date: 2025-01-23
Form Type: 8-K
Source: 0001437749-25-001731
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Company: AEMETIS, INC
Filing Date: 2025-01-23
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Governance, Compensation, and Nominating Committee (the "Committee") of the Board of Directors of Aemetis, Inc. (the "Company") held a regular meeting on January 16, 2025, at which it considered salaries, bonuses, and equity awards for its named executive officers (the "Named Executive Officers") and certain other employees of the Company. At the meeting, the Committee reviewed the progress of the Company in achieving key goals in several different segments of operations. The Committee also reviewed the compensation of its Named Executive Officers in light of the average and range of compensation paid by a peer group of companies as analyzed in a report prepared by a third-party compensation consultant.

In connection with its review, the Committee approved and authorized revised annual base salaries for the Company's Named Executive Officers in the following amounts: Eric A. McAfee, Chairman and Chief Executive Officer, salary of $500,000 per year; Todd A. Waltz, Executive Vice President and Chief Financial Officer, salary of $430,000 per year; Andrew B. Foster, Executive Vice President, North America, salary of $400,000 per year; Sanjeev Gupta, Executive Vice President, International, salary of $400,000 per year; and J. Michael Rockett, Executive Vice President and General Counsel, salary of $400,000 per year. The Committee also approved and authorized the payment of one-time bonuses to the Company's Named Executive Officers in the following amounts: Eric A. McAfee, Chairman and Chief Executive Officer, bonus of $200,000; Todd A. Waltz, Executive Vice President and Chief Financial Officer, bonus of $125,000; Andrew B. Foster, Executive Vice President, North America, bonus of $125,000; Sanjeev Gupta, Executive Vice President, International, bonus of $125,000; and J. Michael Rockett, Executive Vice President and General Counsel, bonus of $125,000.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

                        Aemetis, Inc.                      
  January 23, 2025      /s/ Eric A. McAfee                 
                        Eric A. McAfee                     
                        Chair