Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 6, 2023, Susan Jones notified the Board of Directors (the “Board”) of
Piedmont Lithium Inc. (the “Company”) that she is resigning from the Board and
will be stepping down from the Board, effective as of immediately prior to the
Company’s 2023 annual meeting of stockholders (the “Annual Meeting”). Ms. Jones’
decision to resign from the Board was due to her other professional
responsibilities and was not a result of any disagreement with the Company on
any matter relating to the Company’s operations, policies, or practices. The
Company and the Board thank Ms. Jones for her service and contributions to the
In connection with Ms. Jones’ departure from the Board, in order to rebalance
the classes of directors in accordance with the Company’s Amended and Restated
Certificate of Incorporation, on April 10, 2023, Christina Alvord, who had been
designated as a Class I director, resigned as a Class I director from the Board
solely for the purpose of facilitating the rebalancing of classes of directors,
and then, on April 11, 2023 was immediately reappointed to the Board to serve as
a Class III director, with a term to expire at the Annual Meeting, and to serve
until her successor shall have been duly elected and qualified or until her
earlier death, resignation, removal, retirement or disqualification. In
connection with Ms. Jones’ departure, Ms. Alvord is expected to replace her on
the Nominating and Corporate Governance Committee, in addition to continuing to
serve on the Leadership and Compensation Committee. As previously disclosed,
Ms. Alvord will continue to participate in the Company’s standard compensation
program for non-employee directors, as determined by the Board from time to
time. Ms. Alvord also previously entered into a standard indemnification
agreement with the Company, a form of which was previously filed as Exhibit 99.1
to the Company’s Current Report on Form 8-K, which was filed on August 31, 2021.
This agreement will remain in full force and effect.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 2
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