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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):
November 10, 2026
The Elmet Group Co.
(Exact name of registrant as specified in its charter)
| Delaware |
|
001-43245 |
|
33-1881598 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
280 Fore Street, Suite 301
Portland, Maine 04101
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (207) 518-6791
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
| |
☐ |
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 $0.001 per share |
|
ELMT |
|
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.
Appointment of ERT President
On November 10, 2026, Mr.
Jake Homiller, who currently serves as a member of the board of directors (the “Board”) of The Elmet Group Co. (the “Company”),
was appointed by the Board to be the President of the Company’s newest division, Elmet Refining and Trading (“ERT”).
In connection with this appointment, Mr. Homiller resigned from his membership of the Company’s Compensation Committee and Nominating
and Governance Committee but will continue to serve as a member of the Company’s Board.
In addition to being
appointed President of ERT, Mr. Homiller, age 56, has served as a member of our Board since April 2026. Prior to his appointment as
President of ERT, Mr. Homiller served as the Chief Executive Officer of CarbiCrete Inc.
(“CarbiCrete”), a Montreal-based carbon removal technology company, which position he has held since joining the company
in February 2024. Prior to joining CarbiCrete, Mr. Homiller served as President and Chief Executive Officer of H.C. Starck from
April 2020 through the Company’s acquisition of H.C. Starck in late 2023. Mr. Homiller also served in senior global leadership
roles with A.W. Chesterton Company as Senior Vice President of Global Business Management and Chief Sales Officer from September
2015 to April 2020, as well as with Cabot Corporation from April 2004 to July 2015. Mr. Homiller received a Master of Business
Administration with a concentration in Operations from The Wharton School, a Master of International Studies from The University of
Pennsylvania and a Bachelor of Arts in Economics from Tufts University.
There is no arrangement or
understanding between Mr. Homiller and any other person pursuant to which Mr. Homiller was selected as an officer, and Mr. Homiller does
not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K
of the Securities and Exchange Act of 1934, as amended. There is no family relationship between Mr. Homiller and any director or executive
officer of the registrant.
Homiller Offer Letter
In connection with his appointment,
the Company and Mr. Homiller entered into an agreement substantially in the form of the Company’s Form of Executive Employment Letter,
whereby Mr. Homiller will receive an annual base salary of $300,000 and be eligible for an annual incentive bonus of between 50% and 100%
of his base salary depending upon the Company’s, ERT’s and Mr. Homiller’s performance in a given year, to be awarded
at the discretion of the Compensation Committee of the Board. Mr. Homiller will additionally receive a one-time signing bonus of $25,000,
be eligible to receive an RSU award with a grant date value of $450,000, subject to receipt of required approvals and vesting over a four
year period, and will be eligible to participate in the Company’s benefit plans, including the Company’s 401(k) plan. Mr.
Homiller’s employment with the Company will be “at will” and may be terminated by either the Company or Mr. Homiller
at any time, with or without cause or notice.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are
being filed herewith:
| Exhibit No. |
|
Description |
| 10.1 |
|
Form of Executive Employment Letter (incorporated by reference to Exhibit 10.36 of the Company’s Registration Statement on Form S-1 (File No. 333-294725), filed with the SEC on April 14, 2026). |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: November 10, 2026 |
The Elmet Group Co. |
| |
|
|
| |
By: |
/s/ Peter V. Anania |
| |
Name: |
Peter V. Anania |
| |
Title: |
Chief Executive Officer and Chairman |
