Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 758

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1B
Chunk 758
---
 (each, an “Indemnification Agreement”) with its
directors and executive officers. Each Indemnification Agreement provides for indemnification and advancements by the Company of certain
expenses and costs if the basis of the indemnitee’s involvement in a matter was by reason of the fact that the indemnitee is or
was a director, officer, employee, or agent of the Company or any of its subsidiaries or was serving at the Company’s request in
an official capacity for another entity, in each case to the fullest extent permitted by the laws of the State of Delaware.

On April 25, 2024, Joseph
E. Duey, the Company’s Chief Financial Officer, resigned, effective as of April 30, 2024. Mr. Duey advised the Company that his
decision to step down from the role of Chief Financial Officer was not based on any disagreement with the Company on any matter
relating to its operations, policies or practices. Mr. Duey is pursuing outside interests not in the renewable energy industry. Vincent
Browne, the Company’s Chief Executive Officer, is acting as interim Chief Financial Officer. The Company will be seeking a suitable
replacement in due course.

On May 15, 2024, Mohammed
Javade Chaudhri, a Class I director of the Company, resigned from the Company’s Board of Directors (the “Board”) effective
immediately. Mr. Chaudhri’s decision to resign from the Board is solely for personal reasons and is not the result of any disagreement
with the Company’s operations, policies or procedures, or any disagreements in respect of accounting principles, financial statement
disclosure, or any issue impacting on the committees of the Board on which he served.

On September 26, 2024, the
Company held a special meeting of stockholders at which the Company’s stockholders elected John McQuillan as a director.

83

On December 31, 2024, Ms.
Gita Shah resigned as Chief Sustainability Officer of the Company, effective immediately. The resignation of Ms. Shah was not the result
of any disagreements with the Company on any matter, including relating to the Company’s operations, policies or practices.

On January 28, 2025, John
McQuillan, a Class I director of Alternus Clean Energy, Inc. (the “Company”), notified the Company that they will resign
from the Company’s Board of Directors (the “Board”)