Atlas Critical Minerals names new CFO and Treasurer
Atlas Critical Minerals Corporation reported that its Chief Financial Officer and Treasurer, Rodrigo Menck, resigned effective April 1, 2026, for personal reasons, with no disagreements regarding the company’s operations, policies, or practices.
Rhea-AI Filing Summary
Atlas Critical Minerals Corporation reported that its Chief Financial Officer and Treasurer, Rodrigo Menck, resigned effective April 1, 2026, for personal reasons, with no disagreements regarding the company’s operations, policies, or practices.
The board appointed Virgilio Lira Santiago, age 45, as the new CFO and Treasurer effective April 7, 2026. Santiago brings 20 years of experience in corporate finance and controllership across several industrial and engineering companies in Brazil and Latin America.
His compensation includes a $12,000 monthly salary, bonuses tied to timely SEC filings, a grant of 10,000 restricted stock units vesting over four years, and health insurance reimbursement. The company states there are no family relationships or related-party transactions involving Santiago.
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Key Figures
Monthly salary: $12,000 per month
Annual bonus for Form 6-K: $12,000 per year
Annual bonus for Form 20-F: $24,000 per year
+5 more
8 metrics
Monthly salary
$12,000 per month
CFO compensation effective April 7, 2026
Annual bonus for Form 6-K
$12,000 per year
Tied to timely bi-annual financial reporting on Form 6-K
Annual bonus for Form 20-F
$24,000 per year
Tied to timely filing of Annual Report on Form 20-F
Restricted stock units
10,000 RSUs
Time-based grant vesting over four years from grant anniversary
Appointment date
April 7, 2026
Effective date of Virgilio Santiago as CFO and Treasurer
Former CFO resignation date
April 1, 2026
Effective resignation date of CFO and Treasurer Rodrigo Menck
CFO age
45 years
Age of newly appointed CFO and Treasurer
Experience in finance
20 years
CFO’s experience in corporate finance, controllership and governance
Key Terms
restricted stock units, Form 6-K, Form 20-F, Compensation Committee, +1 more
5 terms
restricted stock units financial
"a grant of 10,000 time-based restricted stock units that shall vest over four years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 6-K regulatory
"an annual bonus of $12,000 subject to the timely filing of the Company’s bi-annual financial reporting on Form 6-K"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Form 20-F regulatory
"an annual bonus of $24,000 subject to the timely filing of the Company’s Annual Report on Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
Compensation Committee financial
"the Compensation Committee of the Board recommended, and the Board subsequently approved, compensation for Mr. Santiago"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Why did Atlas Critical Minerals (ATCX) CFO Rodrigo Menck resign?
Rodrigo Menck resigned for personal reasons, effective April 1, 2026. The company states his departure did not involve any disagreement over operations, policies, or practices, suggesting a routine leadership change rather than a conflict-driven exit.
Who is the new CFO of Atlas Critical Minerals (ATCX)?
Atlas Critical Minerals appointed Virgilio Lira Santiago as CFO and Treasurer, effective April 7, 2026. He has 20 years of experience in corporate finance, controllership and governance, including senior roles at Araguaia Níquel Metais, Ausenco Engenharia and Boart Longyear in Brazil.
What compensation will the new ATCX CFO receive?
Virgilio Santiago will receive a $12,000 monthly salary, two annual cash bonuses tied to timely SEC filings totaling $36,000, a grant of 10,000 time-based restricted stock units vesting over four years, plus reimbursement for health insurance coverage.
How are the ATCX CFO’s bonuses structured?
The new CFO is eligible for a $12,000 annual bonus if bi-annual Form 6-K financials are filed on time, and a $24,000 annual bonus if the Annual Report on Form 20-F is filed timely, directly linking incentives to regulatory reporting deadlines.
What equity incentives did Atlas Critical Minerals grant its new CFO?
The new CFO received 10,000 restricted stock units, vesting in equal annual installments over four years starting on the first anniversary of the grant date. Vesting requires his continued service, aligning his long-term compensation with company performance and retention.
AI-generated analysis. How Rhea-AI works. Not financial advice.
