Current Report Filing (8-k)
April 08 2021 - 9:21AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported)
April 7, 2021
LOOP INDUSTRIES, INC.
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(Exact
name of registrant as specified in its charter)
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Nevada
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000-54786
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27-2094706
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(State
or other jurisdictionof incorporation)
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(CommissionFile
Number)
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(IRS
EmployerIdentification No.)
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480 Fernand Poitras
Terrebonne, Quebec, Canada, J6Y 1Y4
(Address
of principal executive offices, including zip code)
(450) 951-8555
(Registrant’s
telephone number, including area code)
Not Applicable
(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 (see General Instruction A.2.
below):
☐ 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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common
stock, par value $0.0001 per share
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LOOP
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Nasdaq
Global Market
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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
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).
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.
On
April 7, 2021, the board of directors (the “Board”) of
Loop Industries, Inc., a Nevada corporation (the
“Company”), elected Louise Sams as a member of the
Board.
In
connection with her election, Ms. Sams was granted 2,369 restricted
stock units under the Company’s 2017 Equity Incentive Plan,
representing a pro-rated portion of the Company’s standard
non-executive director annual equity grant under the
Company’s Fourth Amended and Restated Outside Director
Compensation Policy. This award will fully vest upon the earlier of
the one (1) year anniversary of the grant date or the day prior to
the Company’s next annual meeting of the stockholders
occurring after the grant date, subject to continued service
through the vesting date.
Ms.
Sams also executed the Company’s standard form of
indemnification agreement, a copy of which has been previously
filed as Exhibit 10.1 to the Company’s Current Report on Form
8-K filed with the Securities and Exchange Commission on June 30,
2017 and is incorporated herein by reference.
There
is no arrangement or understanding between Ms. Sams and any other
person pursuant to which Ms. Sams was selected as a director of the
Company. There are no family relationships between Ms. Sams and any
director or executive officer of the Company. Ms. Sams is also not
a party to any transaction that would require disclosure under Item
404(a) of Regulation S-K.
Item 7.01. Regulation FD Disclosure.
On
April 8, 2021, the Company issued a press release announcing the
election of Ms. Sams. A copy of this press release is furnished
hereto as Exhibit 99.1.
The
information in this Item 7.01 and Exhibit 99.1 attached hereto is
intended to be furnished and shall not be deemed
“filed” for purposes of Section 18 of the Securities
Exchange Act of 1934 (the “Exchange Act”) or otherwise
subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act, except as expressly set forth by specific
reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
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Description
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Press
Release, dated April 8, 2021
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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LOOP INDUSTRIES, INC.
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Date:
April 8, 2021
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By:
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/s/ Daniel Solomita
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Daniel
Solomita
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Chief
Executive Officer and President
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Loop Industries (NASDAQ:LOOP)
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