Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
Designation of Anthony Hall as
Principal Executive Officer
On November 9, 2022, the Board of Directors (the “Board”) of
5E Advanced Materials, Inc. (“5E” or the “Company”), designated
Mr. Anthony Hall as the Company’s principal executive
officer (“PEO”) during the Company’s ongoing search for a chief
executive officer. Mr. Hall currently is a consultant to the
Company, which pays Mr. Hall $60,000 AUD per month for such
consulting services. His consulting arrangement will terminate on
December 31, 2022. Mr. Hall will receive no incremental
compensation or benefits for his service as PEO.
Mr. Anthony Hall, age 48, is a senior executive with over 20
years’ commercial experience in venture capital, risk management,
strategy and business development. Mr. Hall was a founding director
of American Pacific Borates Limited (“American Pacific Borates”),
the Company’s former parent company, and managed its listing
process on the Australian Securities Exchange (“ASX”) in 2017.
Prior to his role with American Pacific Borates, he spent five
years as the initial Managing Director of ASX-listed Highfield Resources Ltd
(ASX: HFR) where he led its growth from a $10 million IPO
valuation to an ASX300 company. Mr. Hall holds a Bachelor of
Laws (Hons), Bachelor of Business and a Graduate Diploma of Applied
Finance and Investment.
There are no family relationships between Mr. Hall and the
Company’s existing directors and officers.
Designation of George Fairchild as
Principal Accounting Officer
On November 9, 2022, the Board designated Mr. Fairchild
as the Company’s principal accounting officer (“PAO”).
Mr. Fairchild’s service as PAO began on November 9, 2022.
Mr. Fairchild will receive no incremental compensation or
benefits for his service as PAO.
Mr. Fairchild, age 55, is an experienced chief accounting
officer with a background in accounting for oil and gas exploration
and production, private equity, and publicly traded entities.
Mr. Fairchild most recently served as Chief Accounting Officer
for Gavilan Resources from March 2019 to December 2020. Prior to
this role, he served as the Chief Accounting Officer at Newfield
Exploration Company from August 2012 to March 2019.
Mr. Fairchild holds a Bachelor of Business Administration
degree from The University of Texas at Austin and is a Certified
Public Accountant in the State of Texas.
There are no family relationships between Mr. Fairchild and
any director, executive officer, or person nominated or chosen by
the Company to become an executive officer of the Company within
the meaning of Item 401(d) of Regulation S-K under the Securities Act of 1933
(“Regulation S-K”). Since
the beginning of the Company’s last fiscal year, the Company has
not engaged in any transaction in which Mr. Fairchild had a
direct or indirect interest within the meaning of Item 404(a) of