Nuvve Holding Corp.
03/25/2026 | Press release | Distributed by Public on 03/25/2026 15:01
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 March 22, 2026 (the "Effective Date"), Nuvve Holding Corp. (the "Company") entered into an amended and restated employment agreement with David Robson, the Company's Chief Financial Officer (the "Employment Agreement"). The Employment Agreement was approved by the Compensation Committee (the "Compensation Committee") of the Company's Board of Directors and supersedes Mr. Robson's prior employment agreement with the Company.
The term of the Employment Agreement commences on the Effective Date and ends onMarch 22, 2027. Pursuant to the Employment Agreement, Mr. Robson will receive a base salary of $450,000 per year (the "Base Salary"). In addition to the Base Salary, Mr. Robson is eligible to receive certain revenue-based performance bonuses upon the Company achieving certain milestones, as determined to be satisfied by the Compensation Committee. The Company will also provide Mr. Robson for up to $20,000 for a down payment and up to $1,500 per month for automobile lease payments. Mr. Robson is also eligible to receive equity award grants as may be awarded in the discretion of the Compensation Committee.
The Employment Agreement further provides that upon the termination of Mr. Robson by the Company without "cause" or by Mr. Robson for "good reason" (each as defined the Employment Agreement), he will be entitled tocontinue to receive his then current base salary for the ensuing 12 months at the rate then in effect in accordance with the Company's standard payroll procedures and will continue to receive health insurance benefits during such period.
The foregoing summary of the terms of the Employment Agreement is subject to and qualified in its entirety by reference to the full text of the Employment Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01. Other Events.
On March 19, 2026, at 5:00 PM, eastern time, the warrants exercisable for one-half of one share of the Company's common stock, at an exercise price of $11.50 per full share, issued by the Company, in connection with the Company's initial business combination that was consummated on March 19, 2021, expired by their terms. The Nasdaq Stock Market filed a Form 25 with the Securities and Exchange Commission to indicate that the warrants had expired and were delisted.
The common stock of the Company will continue to trade on Nasdaq under the symbol "NVVE".
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