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CURRENT REPORT
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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. |
On November 7, 2024, Alisher Nurmat announced his intention to retire from his position of Vice President Accounting and Treasurer (and principal accounting officer) of Gevo, Inc. (the “Company”), effective November 21, 2024. Mr. Nurmat will provide transition assistance to the Company while a new principal accounting officer is put in place. Mr. Nurmat is retiring for personal reasons and not due to any disagreement with the Company on any matter relating to the Company’s operations, polices or practices.
On November 12, 2024, the Board of Directors of the Company (the “Board”) appointed Davaajargal (Sylvia) Gendenjamts as Vice President, Accounting and Treasurer of the Company, and also designated Ms. Gendenjamts as the Company’s principal accounting officer for SEC reporting purposes to succeed Mr. Nurmat, effective immediately.
Ms. Gendenjamts, age 53, previously served as the Director of Corporate Accounting for Pattern Energy Group from August 2019 to November 2024. Ms. Gendenjamts also previously served in various accounting roles for Hi-Crush Inc., ENGIE North America Inc., Headwaters, Inc. and ISG Resources, Inc. Ms. Gendenjamts holds a master’s degree in accounting from Brigham Young University and is an active Certified Public Accountant in the State of Texas.
As compensation in this role, Ms. Gendenjamts will receive an initial annual base salary of $260,000, subject to annual adjustment by the Company, and she is eligible to participate in the Company’s bonus and equity programs at the discretion of the Board.
There are no understandings or arrangements with any person pursuant to which Ms. Gendenjamts was appointed in this role, and she is not party to any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K.
SIGNATURES
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.
GEVO, INC. | ||
Dated: November 13, 2024 | By: | /s/ E. Cabell Massey |
E. Cabell Massey Vice President, Legal and Corporate Secretary |