UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
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THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 29, 2025, 374Water Inc. (the "Company”) appointed Charles Weiser to the Company’s Board of Directors (the "Board”), effective December 29, 2025. Mr. Weiser, age 67, was appointed to the Board to fill a vacancy on the Board. Mr. Weiser was also appointed to the audit committee of the Board, effective December 29, 2025.
Since 2021, Mr. Weiser has served as Chief Financial Officer of Alonti Catering Kitchens, overseeing finance, accounting, tax, budgetary planning, and strategic planning. Prior to joining Alonti Catering Kitchens, from May 2020 to July 2021, Mr. Weiser was Managing Director at Imperial-Texas where he provided accounting and consulting services to a wide range of businesses around the world. From September 2018 to May 2020, Mr. Weiser served as Chief Financial Officer of the Johnny Carrabba Family of Restaurants and before that, from July 2014 to September 2018, Mr. Weiser served as Executive Vice President – Chief Financial Officer at American Green Technology, a leading manufacturer and distributor of lighting products for commercial, heavy industries and healthcare sectors throughout the world. Mr. Weiser holds a Master of Business Administration Finance/Accounting and a Bachelor of Business Administration, General Business, from the University of Texas, Austin.
As a non-employee director, Mr. Weiser will receive compensation for his Board service consistent with the Company’s standard compensation arrangements for non-employee directors. In accordance with the Company’s customary practice, the Company expects to enter into an indemnification agreement with Mr. Weiser in substantially the same form provided to other similarly situated officers and directors of the Company.
Prior to his appointment to the board, Mr. Weiser has been coordinating with management on potential financing opportunities for the Company. Following his appointment, Mr. Weiser plans to continue with these efforts in his capacity as a director of the Board. Mr. Weiser himself may participate as an investor in one or more potential financing opportunities. There can be no guarantee that any such financing opportunities will be successfully negotiated or consummated by the Company, but the aggregate financing amount of any successful financing transaction, to the extent there are any, will exceed $120,000.
Other than the Agreement (as defined below) and potential financing opportunities described above, there are no other arrangements or understandings between Mr. Weiser and any other persons pursuant to which he was appointed as a director and there have been no transactions, nor are there any other currently proposed transactions, in which the Company was or is to be a participant and in which Mr. Weiser, or any member of his immediate family, had, or will have, a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.
Mr. Weiser’s appointment was made in accordance with that certain Letter Agreement dated December 14, 2025 (the "Agreement”), by and between the Company and Yaacov (Kobe) Nagar, which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 15, 2025. Consistent with the Agreement, Mr. Weiser’s appointment to the Board occurred following confirmation that Mr. Weiser was a mutually acceptable candidate to both the Company and Mr. Nagar, among other qualifications.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 5, 2025 | 374WATER INC. | ||
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By: | /s/ Stephen J. Jones | ||
| Name: | Stephen J. Jones |
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| Title: | Interim President and Chief Executive Officer |
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