SplitApr 29, 2026, 04:33 PM
ORGN 1:30 Reverse Stock Split; Amends 10-K Part III
AI Summary
Origin Materials, Inc. filed Amendment No. 1 to its Form 10-K to include information for Part III, which was previously omitted due to a delay in filing its definitive proxy statement. The amendment details corporate governance, executive compensation, and director compensation. Additionally, the company effected a 1-for-30 reverse stock split of its common stock on March 19, 2026, with post-split trading commencing March 20, 2026.
Key Highlights
- ORGN effected a 1-for-30 reverse stock split of common stock, effective March 19, 2026.
- Common stock began trading on a post-split basis on Nasdaq Capital Market on March 20, 2026.
- Amendment No. 1 to Form 10-K filed to provide Part III information due to delayed proxy statement.
- Executive officers' 2025 salaries: John Bissell $300,000, Matt Plavan $350,000, Joshua Lee $290,000.
- Executive officers received milestone-based bonus payments and stock options in March 2026.
- Non-employee directors receive a $50,000 annual cash retainer and annual RSU grants.
- Audit Committee consists of John Hickox (Chair), William J. Harvey, Craig A. Rogerson, and Jim Stephanou.
- Compensation Committee consists of Kathleen B. Fish (Chair), Craig A. Rogerson, and Jim Stephanou.