Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 19, 2026, the board of directors (the “Board”) of Loop Industries, Inc., a Nevada corporation (the “Company”), increased the size of the Board by one seat and appointed Jeffrey R. Geygan as a member of the Board, effective June 22, 2026. Mr.…
Filed Jun 23, 2026Accepted Jun 23, 2026, 4:30 PM EDTCIK 1504678Accession 0001437749-26-021449
Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 19, 2026, the board of directors (the “Board”) of Loop Industries, Inc., a Nevada corporation (the “Company”), increased the size of the Board by one seat and appointed Jeffrey R. Geygan as a member of the Board, effective June 22, 2026. Mr. Geygan will serve until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified, or until his earlier death, resignation or removal. The Board also determined that Mr. Geygan qualifies as an “independent director” under the applicable listing standards of The Nasdaq Stock Market LLC.
Mr. Geygan, 61, is an accomplished corporate leader with extensive executive and board experience. He currently serves as Interim Chief Executive Officer of Rocky Mountain Chocolate Factory, Inc. (Nasdaq: RMCF), a role he has held since May 2024. Mr. Geygan has been a Director of RMCF since August 2021 and was Chairman of the Board of RMCF from June 2022 to May 2024. He also served on the Board of Directors of Climb Global Solutions, Inc. (Nasdaq: CLMB) from February 2018 until February 2025, where he was Chairman from May 2018 to February 2025. From its founding in August 2007 through May 2024, Mr. Geygan was the Chief Executive Officer and President of Global Value Investment Corporation (“GVIC”), an investment research and advisory firm he founded; he continues to serve as Chairman of GVIC’s Board. Earlier in his career, he held senior roles in the financial services industry as a Senior Portfolio Manager with UBS Financial Services and Salomon Smith Barney, Inc. Mr. Geygan’s background also includes academic involvement, having taught undergraduate and graduate-level courses at IE University in Madrid, at the University of Wisconsin - Milwaukee’s Lubar School of Business, and at the College of Charleston. He serves on the Advisory Board of the University of Wisconsin - Madison Department of Economics. Mr. Geygan earned his Bachelor of Arts degree in Economics from the University of Wisconsin - Madison.
Mr. Geygan will be compensated in accordance with the Company’s Amended and Restated Outside Director Compensation Policy, as described in the proxy statement relating to the Company’s 2026 annual meeting of stockholders filed with the Securities and Exchange Commission on June 9, 2026. In connection with his appointment, Mr. Geygan was granted 5,170 restricted stock units under the Company’s 2017 Equity Incentive Plan, as amended, representing a prorated portion of the Company’s standard non-employee director annual equity grant. This award will vest in full upon the earlier of the one-year anniversary of the grant date or the day prior to the Company’s next annual meeting of stockholders occurring after the grant date, subject to Mr. Geygan’s continued service through the vesting date.
In connection with his appointment, Mr. Geygan will enter into the Company’s standard form of indemnification agreement, a copy of which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 30, 2017.
As reported on a Schedule 13D filed by GVIC on April 10, 2026, Mr. Geygan is a director and the controlling person of GVIC. There is no investor rights agreement, nomination agreement or other arrangement between the Company, GVIC, Mr. Geygan or any other person pursuant to which Mr. Geygan was selected as a director. Since the beginning of the Company’s last fiscal year, the Company has not engaged in any transaction in which Mr. Geygan had direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K.