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Form 8-K current report - changes to directors and certain officers, compensatory arrangements of certain officers
ASP ISOTOPES INC.
(Incorporated in the State of Delaware,
United States of America)
(Delaware file number 6228898)
Ticker Symbol: NASDAQ: ASPI
ISIN: US00218A1051
LEI: 6488WHV94BZ496OZ3219
JSE Share Code: ISO
("ASPI" or "the Company")
FORM 8-K CURRENT REPORT - DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, ASPI stockholders are advised
that a Form 8-K has been filed with the U.S. Securities and Exchange Commission.
As previously announced, effective October 1, 2025, Paul Mann, the founder, Chairman and Chief
Executive Officer of the Company, was appointed Executive Chairman of the Company and began taking
a temporary leave of absence from his Chief Executive Officer duties for health reasons. In consultation
with Mr. Mann, and effective October 1, 2025, the Company's Board of Directors (the "Board") appointed
Robert Ainscow, the Company's Chief Operating Officer, to serve as Interim Chief Executive Officer
(principal executive officer), in addition to his current duties.
In the Executive Chairman role, Mr. Mann has responsibility, working with the Interim Chief Executive
Officer and the Board, for: the overall leadership and strategic direction of the Company; providing guidance
and support to senior management of the Company; and the coordination of the activities of the Board. In
the role of Interim CEO, Mr. Ainscow has the responsibility for managing the CEO's direct reports and
communications with the Company's industry partners, shareholders and other important stakeholders,
among other CEO duties.
Biographical and other information for Mr. Robert Ainscow is set forth in the Company's Annual Report on
Form 10-K/A filed with the Securities and Exchange Commission on April 30, 2025 and is incorporated
herein by reference. There is no arrangement or understanding between Mr. Robert Ainscow and any other
persons pursuant to which he was selected as an officer. The Company has not entered into, amended, or
modified any plan, contract, arrangement, grant, or award in connection with Mr. Robert Ainscow's
appointment as Interim Chief Executive Officer.
Mr. Robert Ainscow is the brother of Donald Ainscow, who has served as Executive Vice President, General
Counsel and Secretary since joining the Company in August 2025. Mr. Donald Ainscow is compensated
according to the Company's standard practices, including participation in its employee benefit plans
generally made available to employees of a similar responsibility level. His current base salary is $425,000
per annum and he is eligible to receive an annual bonus and equity awards as determined by the
compensation committee. He received an initial grant of 400,000 shares of the Company's common stock
pursuant to the Company's 2024 Inducement Equity Incentive Plan, which shall vest (subject to compliance
with the applicable vesting conditions) in eight equal semi-annual installments over a four-year period. The
compensation of Mr. Donald Ainscow was established by the Company in accordance with its
compensation practices applicable to employees holding positions of a similar responsibility level and
without the involvement of Mr. Robert Ainscow.
A copy of the Form 8-K can be found at:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1921865/000147793225007343/aspi_8k.htm
6 October 2025
Sponsor
Valeo Capital Proprietary Limited
Date: 06-10-2025 05:07:00
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