Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 9, 2022, the Board of Directors (the "Board") of PureCycle
Technologies, Inc. (the "Company") appointed the Company's Chief Manufacturing
Officer, Dustin Olson, to Chief Operating Officer and Chief Manufacturing
Officer.
Mr. Olson, age 44, has served as the Company's Chief Manufacturing Officer since
March 2021, and continues in this role. From January 2021 to March 2021, Mr.
Olson served as the Chief Manufacturing Officer for PureCycle Technologies LLC,
a current Company affiliate. Previously, Mr. Olson served as the Vice President
of Advanced Polymer Solutions of LyondellBasell, a multinational chemical
company and licensor of polyethylene and polypropylene technologies, from August
2018 to December 2020, where he had commercial responsibilities for all advanced
polymer solution activities across Asia-Pacific, Africa, the Middle East and
India. From June 2017 to August 2018, Mr. Olson served as LyondellBasell's
Director of Polypropylene Compounds, where he was commercially and functionally
responsible for polypropylene compounds activities across Asia-Pacific, Africa,
the Middle East and India. In addition, Mr. Olson also served as Director of
Manufacturing for Compounding, Catalyst and Ethanol for LyondellBasell from June
2015 to June 2017, where he was responsible for all compounding, catalyst and
ethanol manufacturing activities across the Americas. Mr. Olson received a B.S.
in Chemical Engineering from the University of Missouri-Rolla, a Master's degree
in Chemical Engineering from the University of Houston, and an MBA from Rice
University's Jesse H. Jones Graduate School of Management.
The material terms of any compensation arrangement for Mr. Olson in connection
with his appointment to Chief Operating Officer is unavailable at this time.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description of Exhibit
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded
within the Inline XBRL
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