Beam Global
06/09/2025 | Press release | Distributed by Public on 06/09/2025 14:03
Management Change/Compensation (Form 8-K)
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 4, 2025, the Compensation Committee of the Board of Directors of Beam Global (the "Company") recommended, and the Board of Directors of the Company approved, a one-time stock award of 870,000 shares of common stock to the Company's chief executive officer, Desmond Wheatley, under the Company's 2021 Equity Incentive Plan (the "Plan").
The common stock award is being granted to Mr. Wheatley as bonus compensation based on his performance in fiscal years ending December 31, 2023 and 2024, and in connection with the completed acquisitions of All Cell Technologies, LLC, Amiga DOO Kraljevo and Telcom d.o.o Beograd.
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