Heliogen, Inc., an electric services company, has reported the departure of its Chief Commercial Officer (CCO), Tom Doyle, as of December 31, 2024.
The announcement, made through a Form 8-K filing with the Securities and Exchange Commission, detailed that Doyle's responsibilities will be assumed by existing employees as part of the company's strategic focus on commercialization.
Doyle's separation from Heliogen includes a compensation package consisting of eight months' salary and contributions towards his healthcare insurance for the same duration, should he choose COBRA continuation coverage. This package is part of a separation agreement that also includes a general release of claims by Doyle against the company.
The filing, dated January 3, 2025, also included financial statements and exhibits related to the separation. Heliogen's shares are traded on the OTCQX under the symbol HLG, with warrants listed on the OTC Pink as HLGNW. The company, incorporated in Delaware and based in Pasadena, California, operates within the electric services sector and is classified as an emerging growth company.
The news above is based on an SEC filing.
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