0001564590-22-027003.txt : 20220729
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20220729081625
ACCESSION NUMBER: 0001564590-22-027003
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 13
CONFORMED PERIOD OF REPORT: 20220729
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20220729
DATE AS OF CHANGE: 20220729
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASPEN AEROGELS INC
CENTRAL INDEX KEY: 0001145986
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS [5030]
IRS NUMBER: 043559972
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36481
FILM NUMBER: 221117451
BUSINESS ADDRESS:
STREET 1: 30 FORBES ROAD
STREET 2: BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
BUSINESS PHONE: 5086911111
MAIL ADDRESS:
STREET 1: 30 FORBES ROAD
STREET 2: BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
8-K
1
aspn-8k_20220729.htm
8-K
aspn-8k_20220729.htm
false000114598600011459862022-07-292022-07-29
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): July 29, 2022
Aspen Aerogels, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-36481
04-3559972
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
30 Forbes Road, Building B,
Northborough, MA
01532
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: (508)691-1111
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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
Name of exchange on which registered
Common Stock
ASPN
The New York Stock Exchange
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 7.01 Regulation FD Disclosure.
On July 29, 2022, the Company issued a press release announcing the publication of its inaugural ESG Highlights Report, which is attached here as Exhibit 99.1.
The information set forth in the press release in the exhibit is incorporated by reference into this Item 7.01 of this Current Report on Form 8-K.
Cover Page Interactive Data File (embedded within the Inline XBRL document)
The press release may contain hypertext links to information on our website. The information on our website is not incorporated by reference into this Current Report on Form 8-K and does not constitute a part of this Form 8-K.
The information contained in this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being furnished and 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 the liabilities under that Section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
SIGNATURES
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 thereunto duly authorized.
Aspen Aerogels, Inc.
Date: July 29, 2022
By:
/s/ Ricardo C. Rodriguez
Name:
Ricardo C. Rodriguez
Title:
Senior Vice President, Chief Financial Officer and Treasurer
Aspen Aerogels, Inc. Announces Release of Inaugural ESG Highlights Report
Commitment to Carbon Neutrality by 2035 in Scope 1 and Scope 2 Emissions
NORTHBOROUGH, Mass., July 29, 2022 — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced the release of its inaugural Environmental, Social and Governance (“ESG”) Highlights Report, which is available on the Company’s newly launched ESG webpage at https://ir.aerogel.com/esg/. Aspen’s ESG Highlights Report provides a comprehensive overview of the Company’s approach to sustainability, including its commitments around climate-conscious operations, environmentally responsible manufacturing, stakeholder engagement, corporate social responsibility, and strong governance practices, amongst other key topics related to its overall ESG strategy.
Highlights from Aspen’s inaugural ESG report include:
•
Stated commitment to carbon neutrality by 2035 in Scope 1 and Scope 2 emissions
•
Established ESG Steering Committee comprised of multi-disciplinary senior leaders, with oversight from the Board of Directors and its Nominating, Governance & Sustainability Committee
•
Undertook ESG materiality assessment and identified nine key topics across three workstreams – sustainable products, green manufacturing and social responsibility – that will frame current and future ESG priorities and corresponding program activities
•
Initiated scoping of key performance indicators for ESG framework, which is designed to improve data management and reporting, as well as track future progress and benchmark improvements
Donald R. Young, President and Chief Executive Officer, noted, “The management team and the Board of Directors at Aspen Aerogels are proud to release our inaugural ESG Highlights Report. This report is the culmination of a company-wide effort to identify our most pressing ESG priorities and challenges, develop a comprehensive framework for operationalizing our ESG commitments and track our progress, and ultimately provide greater transparency to our stakeholders regarding our ESG journey. We believe we have a responsibility to make a positive impact on our communities and are committed to creating a corporate culture that pursues its mission with the highest standards of integrity. We respect and celebrate our employees by striving to create a diverse and inclusive environment.”
Mr. Young added, “Sustainability is at the very core of our products, which provide wide-ranging benefits to our customers in terms of both environmental impact and improved safety. We believe that our intrinsic product benefits, combined with continued improvements across our environmental and sustainability programs, employee and community engagement efforts, and ongoing commitment to sound governance practices, will put Aspen well on the path toward achieving our ESG goals.”
About Aspen Aerogels, Inc.
Aspen is a technology leader in sustainability and electrification solutions. The Company’s aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Aspen’s PyroThin® products enable solutions to thermal runaway
challenges within the electric vehicle (“EV”) market. Aspen Battery Materials, the Company’s carbon aerogel initiative, seeks to increase the performance of lithium-ion battery cells to enable EV manufacturers to extend the driving range and reduce the cost of EVs. Aspen’s Spaceloft® products provide building owners with industry-leading energy efficiency and fire safety. The Company’s Cryogel® and Pyrogel® products are valued by the world’s largest energy infrastructure companies. Aspen’s strategy is to partner with world-class industry leaders to leverage its Aerogel Technology Platform™ into additional high-value markets. Headquartered in Northborough, Mass., Aspen manufactures its products at its East Providence, R.I. facilities. For more information, please visit www.aerogel.com.
Special Note Regarding Forward-Looking and Cautionary Statements
This press release and any related discussion contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements, including statements relating to Aspen’s stated commitment to carbon neutrality by 2035 in its Scope 1 and Scope 2 emissions. These statements are not historical facts but rather are based on Aspen's current expectations, estimates and projections regarding Aspen's business, operations and other factors relating thereto, including with respect to Aspen's 2022 financial outlook. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” “assumes,” and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include statements regarding, among other things, Aspen's expectations about its long term growth strategy, future growth trajectory, revenue and operations; Aspen’s technology and alignment with broader trends in the EV market; opportunities presented by electrification; beliefs about the general strength, weakness or health of Aspen's business; and beliefs about current or future trends in EV thermal barrier, EV battery materials or other markets and the impact of these trends on Aspen's business. All such forward-looking statements are based on management's present expectations and are subject to certain factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the following: an inability to create new product, partnership and market opportunities; the right of EV thermal barrier customers to cancel contracts with Aspen at any time and without penalty; any costs, expenses, or investments incurred by Aspen in excess of projections used to develop pricing under the contracts with EV thermal barrier customers; any failure of Aspen or PyroThin® to meet contractual specifications and requirements under contracts with EV thermal barrier customers; any failure of Aspen's products to meet applicable specifications and other performance, safety, technical and delivery requirements; the general economic conditions and cyclical demands in the markets that Aspen serves; and the other risk factors discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021 and filed with the Securities and Exchange Commission (“SEC”) on March 1, 2022, as well as any updates to those risk factors filed from time to time in our subsequent periodic and current reports filed with the SEC. All statements contained in this press release are made only as of the date of this press release. Aspen does not intend to update this information unless required by law.
Investor Relations Contact
Laura J. Guerrant-Oiye
VP, IR & Corporate Communications
Phone: (508) 691-1111 x 8
loiye@aerogel.com
Media Contact
Amy Damiano
VP, Marketing
Phone: (508) 691-1111 x 5
adamiano@aerogel.com
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