Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

AML3D LIMITED Board/Management Information 2023

Jun 14, 2023

64357_rns_2023-06-14_52e76adf-93b4-40c3-a29f-decdd6a2d92e.pdf

Board/Management Information

Open in viewer

Opens in your device viewer

ASX Release 15 June 2023

==> picture [52 x 47] intentionally omitted <==

MANAGEMENT CHANGES

AML3D Limited (ASX:AL3) (" AML3D " or " the Company ") advises the following management changes with immediate effect.

Mr Ryan Millar, Chief Executive Officer of AML3D stepped down from the Chief Executive role after successfully reorienting AML3D's business strategy and sales towards the growing U.S. market. Under Ryan’s leadership, AML3D has had success in the sale of ARCEMY® systems as a point-ofneed manufacturing solution for Original Equipment Manufacturers (OEM), particularly targeting the US defence, Oil & Gas and aerospace markets. The Board thanks Ryan for his contribution to AML3D and wishes him well.

CEO, Mr Ryan Millar commented:

“I take enormous pride in what we have accomplished as a business and the exceptional team we have assembled to build a culture and foundation for success. It’s the right time for a new CEO to take the helm as the company gears up for its expansion into the U.S., and I wish Noel and the board every success as they take it from here”.

Mr Sean Ebert, current Non-Executive Director, will assume the role of Interim CEO whilst the Company undergoes an executive search for a replacement CEO. Sean has extensive executive experience in both public and private sectors across high growth companies within the engineering, technology and emerging market sectors in Australia, US and Europe. Sean brings listed company and international experience to AML3D, is a Member of the Institute of Company Directors and holds a Bachelor Degree in Engineering with honours.

Chair, Mr Noel Cornish AM commented:

“On behalf of the Board, I would like to thank Ryan for his service as Chief Executive Officer and we wish him well for the future. AML3D is fortunate to have a professional with the depth of industry experience and skills of Sean Ebert to act as Interim CEO as we undertake a recruitment process that aligns with our growth aspirations.”

This announcement has been authorised for release by the Board of AML3D.

For further information, please contact.

Sean Ebert Acting CEO AML3D Limited T: +61 8 8258 2658 E: [email protected]

Duncan Gordon Investor Relations T: +61 404 006 444

Page Page | 1

AML3D Limited (ASX:AL3) ACN 602 857 983 | Australian Patent 2019251514

ASX Release 15 June 2023

==> picture [52 x 47] intentionally omitted <==

Interim CEO Remuneration:

In accordance with Listing Rule 3.16 the Company confirms that the material terms of the arrangement for the role of Sean Ebert are as follows:

  • Remuneration as Interim CEO of $340,000 per annum, including superannuation (over and above what is expected for the director role);

  • Director’s Fee of $5,000 per month; and

  • Statutory superannuation contributions

About AML3D Limited

AML3D Limited, a publicly listed technology company founded in 2014, is disrupting metal part supply chains using the Company’s patented Wire Additive Manufacturing (WAM®) process. WAM® combines state-of-the-art welding science, robotics automation, materials engineering and proprietary software to lead metal additive manufacturing globally. AML3D is the OEM of the ARCEMY® industrial metal 3D printing systems. ARCEMY® uses WAM® to provide advanced, automated, on-demand, point-of-need 3D manufacturing solutions that are more efficient, cost-effective and have better ESG outcomes compared to traditional casting, forging and billet machining processes. ARCEMY® is IIoT and Industry 4.0 enabled to allow manufacturers across Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas to become globally competitive. AML3D also provides metal 3D printing design engineering services, software licencing, technical support, consumable sales and contract manufacturing services.

Page Page | 2

AML3D Limited (ASX:AL3) ACN 602 857 983 | Australian Patent 2019251514