Consolidated Water Co. Ltd. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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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. |
As previously reported, Consolidated Water Co. Ltd. (the “Company”) and Douglas Vizzini are parties to an employment agreement dated June 28, 2012 (the “Original Agreement”), pursuant to which Mr. Vizzini serves as the Company’s Vice President of Finance and Assistant Company Secretary. On May 27, 2025, the Company and Mr. Vizzini entered into an amendment to the Original Agreement (the “Amendment”), which modified the termination provisions of the Original Agreement.
Pursuant to the Amendment, the Company will have the option to terminate the agreement at any time upon providing three (3) months’ notice to Mr. Vizzini and paying him severance in an amount equal to the greater of the amount required by applicable law or 100% of his then current base salary.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed herewith as Exhibit 10.1, and is incorporated herein by reference. None of the other terms of the Original Agreement were modified in any material respect.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No. | Description | |
10.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONSOLIDATED WATER CO. LTD. | ||
By: | /s/ David W. Sasnett | |
Name: | David W. Sasnett | |
Title: | Executive Vice President & Chief Financial Officer | |
Date: June 2, 2025 | ||
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