Braidy Industries

“Mr. Bouchard’s suit is an expected step in the process of removing him from the role of CEO of Braidy. The board of directors was not pleased with the status of financing for the mill in Boyd and Greenup counties, and has other concerns regarding his performance as CEO. Thus, as part of its fiduciary role on behalf of the shareholders, the board voted to take action that it believes will be he upheld in court under Delaware law. Mr. Bouchard, as CEO, must be held accountable and the board of directors is willing to do what it takes to ensure that occurs. We intend to get this project built as promptly as possible.”