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Last $0.02 USD
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As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

usa synthetic fuel corp (USFCQ) Snapshot

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52 Week High
12/11/14 - $0.43
52 Week Low
07/24/15 - $0.01
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usa synthetic fuel corp (USFCQ) Details

USA Synthetic Fuel Corporation, a development stage environmental energy company, focuses on clean energy solutions through the deployment of proven Ultra Clean BTU Converter technology. The company intends to build, own, and operate synthetic fuel production facilities to convert solid hydrocarbons, such as coal and petroleum coke into environmentally cleaner energy sources. It plans to produce and sell Ultra Clean Synthetic Crude; and liquid transportation fuels, including diesel, gasoline, and jet into the transportation fuels markets primarily targeting the Department of Defense supply requests. USA Synthetic Fuel Corporation was founded in 2009 and is headquartered in Washington, District of Columbia. On March 17, 2015, USA Synthetic Fuel Corporation, along with affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

10 Employees
Last Reported Date: 02/21/14

usa synthetic fuel corp (USFCQ) Top Compensated Officers

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usa synthetic fuel corp (USFCQ) Key Developments

USA Synthetic Fuel Corporation Announces Executive Changes

USA Synthetic Fuel Corporation announced that all of the directors of the company, which include Mr. J. Bradley Davis, Mr. John P. Proctor, Mr. William J. Weyand and Dr. Steven C. Vick, have resigned their positions effective as of August 16, 2015. Concurrent with resigning from the Board of Directors, Dr. Steven C. Vick also resigned from his other positions with the company, President and Chief Executive Officer, as well as his positions with the other Debtors, in each case effective as of on August 16, 2015. In light of the resignations of its entire Board of Directors and the President and CEO of the company, the company expects that, if the Conversion Motion is approved, a trustee appointed by the United States Bankruptcy Court will assume control over all assets and operations of the company. Mr. Michael Newsom, Interim Chief Financial Officer, will continue in that capacity until a trustee is appointed and assumes control. The resignations of Mr. Davis, Mr. Proctor, Mr. Weyand, and Dr. Vick are not the result of any disagreement with the company regarding the Company's operations, policies, or practices.

USA Synthetic Fuel Corporation Announces Resignation of James R. Treptow as Director

On March 24, 2015, James R. Treptow, a member of the Board of Directors of USA Synthetic Fuel Corporation, resigned from his position as a director of the company effective immediately.

USA Synthetic Fuel Corporation Announces Resignation of Ernest K. Jacquet as Director

On March 10, 2015, Ernest K. Jacquet, a member of the Board of Directors and the Director of Finance of USA Synthetic Fuel Corporation, resigned from his position as a director of the company effective immediately. Mr. Jacquet retained his management position as Director of Finance for the company.


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