Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 8, 2022, Prithvi Gandhi, Chief Financial Officer of Fast Radius, Inc.
(the "Company"), notified the Company of his decision to resign, effective June
30, 2022, in order to pursue another opportunity. Mr. Gandhi's resignation is
unrelated to any disagreement with the Company.
On June 14 2022, the Company appointed Patrick McCusker, the Company's current
Chief Operating Officer, as President and Interim Chief Financial Officer. Also,
on June 14, 2022, the Company appointed John Nanry, the Company's current Chief
Manufacturing and Chief People Officer, as Chief Operating Officer. Both
appointments will be effective June 30, 2022.
Mr. McCusker, age 44, has served as Chief Operating Officer of the Company since
February 2022 and Chief Operating Officer and and co-founder of the Company's
predecessor since 2017. He also served as Interim Chief Financial Officer of the
Company's predecessor from 2017 until August 2021. Prior to the Company, Mr.
McCusker was President, North America at InnerWorkings (NASDAQ: INWK), a
technology-enabled marketing services firm, from 2011 to November 2016. Prior to
InnerWorkings, Mr. McCusker was an Associate Partner with McKinsey & Company,
where he served technology clients across a wide range of functions. Before
McKinsey, he held cross-functional leadership roles at multiple early-stage
growth companies, including co-founding a technology business which was acquired
by a Fortune 500 retailer. Mr. McCusker holds an MBA from the University of
Chicago and a BA from the University of Notre Dame.
Mr. Nanry, age 37, has served as Chief Manufacturing Officer and Chief People
Officer of the Company since February and April 2022, respectively, and Chief
Manufacturing Officer and co-founder of the Company's predecessor since 2017.
Prior to the Company, Mr. Nanry was with McKinsey & Company from 2008 to 2017,
where he led the Digital Manufacturing Practice and helped clients navigate
digital transformations. Mr. Nanry holds an MBA from Northwestern, and BSE and
MSE in Engineering from the University of Michigan
There are no family relationships between Mr. McCusker or Mr. Nanry and any of
the directors or executive officers of the Company, and, other than as described
in this Current Report on Form 8-K, there are no transactions in which Mr.
McCusker or Mr. Nanry has an interest requiring disclosure under Item 404(a) of
Regulation S-K, except as previously disclosed in Item 13. Certain Relationships
and Related Transactions, and Director Independence of the Company's Annual
Report on Form 10-K for the year ended December 31, 2021, filed with the
Securities and Exchange Commission on February 10, 2022, which information is
incorporated herein by reference. There is no arrangement or understanding
between Mr. McCusker or Mr. Nanry and any other person pursuant to which he was
appointed as an officer of the Company.
Item 7.01 Regulation FD Disclosure.
On June 14, 2022, the Company issued a press release relating to the matters
described above in Item 5.02. A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
The information in this Item 7.01 and in Exhibit 99.1 attached hereto shall not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under
that section, and shall not be deemed to be incorporated by reference into the
filings of the Company under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in such filings.
.
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated June 14, 2022
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101).
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