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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 18, 2021

 

 

Renewable Energy Group, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-35397   26-4785427
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

416 South Bell Avenue   Ames   Iowa   50010
(Address of principal executive offices)       (Zip Code)

Registrant’s telephone number, including area code: (515) 239-8000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, par value $.0001 per share   REGI   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 18, 2021, Renewable Energy Group, Inc. (the “Company”) terminated Brad Albin, its Senior Vice President, Manufacturing & Engineering, without cause (as defined in his employment agreement previously filed with the Securities and Exchange Commission (the “SEC”)), effective June 1, 2021 (the “Effective Date”). In connection with his termination, Mr. Albin will be entitled to certain payments pursuant to his employment agreement for a termination without cause, including severance and a prorated annual bonus, and will remain subject to certain obligations as set forth in the employment agreement, including non-competition and non-solicitation obligations. Additionally, the Company has agreed that the vesting of 14,907 unvested Restricted Stock Units (“RSUs”) granted to Mr. Albin will accelerate and vest upon the Effective Date.

As set forth in his employment agreement, Mr. Albin entered into a customary separation agreement (the “Separation Agreement”) providing for releases and other matters as set forth in the employment agreement. The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, a copy of which will be filed with the SEC on the Company’s next Quarterly Report on Form 10-Q and is incorporated herein by reference.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 19, 2021

 

RENEWABLE ENERGY GROUP, INC.
By:  

/s/ Cynthia J. Warner

  Cynthia J. Warner
  Chief Executive Officer