Form 4: NuScale Power Director James T. Hackett Resigns, Ceases SEC Reporting Obligations
Director Resignation Filing
James T. Hackett has resigned from the board of directors of NuScale Power Corporation, effective January 15, 2025, and will no longer be required to file SEC Form 4 or Form 5 reports.
Summary
- James T. Hackett, a director of NuScale Power Corporation, has resigned from his position.
- The resignation was effective as of January 15, 2025.
- As a result of his resignation, Mr. Hackett is no longer subject to Section 16 of the Securities Exchange Act of 1934.
- This means he will no longer be required to report transactions in NuScale Power Corporation's equity securities on Form 4 or Form 5.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a director's resignation, with no positive or negative implications for the company's performance.
Industry Context
This is a standard regulatory filing related to a change in board membership. It does not indicate any broader industry trends or competitive shifts.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | James T. Hackett | 01/15/2025 | Resignation |
Stakeholder Impact
- Shareholders may be interested in the change in board composition, but the resignation itself is not expected to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Effective date of James T. Hackett's resignation as a director of NuScale Power Corporation. |
| 01/16/2025 | Date of the SEC Form 4 filing acknowledging the resignation. |
Keywords
NuScale Power, Director Resignation, SEC Form 4, SEC Form 5, Corporate Governance, James T. Hackett, Board of Directors
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