applied energetics expands board with two new directors

Published 09/06/2025, 14:24
applied energetics expands board with two new directors

Applied Energetics, Inc. (OTCQB:AERG), a company with a market capitalization of $557 million and impressive year-to-date returns of nearly 300%, has announced the expansion of its Board of Directors to seven members with the appointment of Christopher Donaghey and Scott Andrews as new directors. The appointments were made effective immediately as of June 3, 2025, according to a recent SEC filing. InvestingPro analysis indicates the stock may be overvalued at current levels, with 13 additional key insights available to subscribers.

Christopher Donaghey, who became the CEO of Applied Energetics in November 2024, brings over 20 years of strategic leadership experience from the aerospace, defense, and capital markets sectors. Under his leadership, the company maintains strong financial health with a current ratio of 5.91 and gross profit margins of 49.26%. His appointment to the Board aligns with the company’s strategy to integrate executive leadership with long-term governance. Donaghey’s background information is detailed in the company’s Proxy Statement filed with the SEC in September 2024.

Scott Andrews, the other appointee, is recognized for his leadership across various industries, including manufacturing, transportation, and financial services. Andrews has been serving as the Chair of the Board of Trustees for The Virginia Retirement System since 2022 and is also the Chairman and CEO of Northern Contours, Inc. His experience extends to serving on the boards of several organizations, including Journey Health and World Air Holdings, Inc. (NASDAQ:WLDA).

Upon joining the board, Andrews received options to purchase up to 250,000 shares of common stock under the company’s 2018 Incentive Stock Plan. These options vest in two equal installments on the first and second anniversaries of his service at an exercise price of $1.70 per share, expiring after ten years. With the stock currently trading at $2.55, significantly above the option exercise price, these grants represent substantial potential value. For more detailed financial analysis and valuation metrics, visit InvestingPro.

This information is based on a press release statement filed with the SEC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.