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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

 

FORM 8-K

  

CURRENT REPORT

 

PURSUANT TO SECTION 13 or SECTION 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 2, 2022

  

CC Neuberger Principal Holdings III 

(Exact name of registrant as specified in its charter)

 

 

Cayman Islands 001-39984 98-1552405
(State or other jurisdiction of
incorporation or organization)		 (Commission File Number) (I.R.S. Employer
Identification Number)

 

200 Park Avenue, 58th Floor

New York, NY

 10166
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 355-5515

 

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 to 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(s)  

Name of each exchange

on which registered

Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-fifth of one redeemable warrant   PRPC.U   The New York Stock Exchange
Class A Ordinary Shares included as part of the units   PRPC   The New York Stock Exchange
Warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50   PRPC WS   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 or Rule 12b-2 of the Securities Exchange Act of 1934. 

 

Emerging growth company x

 

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On April 29, 2022, the board of directors of CC Neuberger Principal Holdings III (the "Company") appointed Mr. Matthew Mannelly as a new director of the Company. Mr. Mannelly has been appointed to serve on the audit committee, the nominating committee and the compensation committee of the Company, with such appointment effective upon his becoming a director of the Company.

 

Mr. Mannelly currently sits on the boards of SpartanNash Company (NASDAQ: SPTN), where he has served since 2018, and the Hope For Children Foundation, where he has served since 2016. Mr. Mannelly was formerly the Chief Executive Officer and a Director of Prestige Brands, Inc., a distributor of healthcare and household cleaning products, a position he held from 2009 to 2015. Prior to his position at Prestige Brands, Inc., Mr. Mannelly served as Chief Executive Officer of Cannondale Bicycle from 2003 to 2009. Mr. Mannelly also previously served on the boards of Performance Sports Group (NYSE: PSG) from 2013 to 2016 and Collier Creek LLC from 2018 to 2020. Mr. Mannelly has over 35 years of experience in the consumer products industry and has held management positions at Gatorade, Nike and the U.S. Olympic Committee. Mr. Mannelly holds a B.S. degree in Economics from Boston College and a Master of Business Administration from the University of North Carolina, Chapel Hill.

 

The board of directors of the Company has affirmatively determined that Mr. Mannelly meets the applicable standards for an independent director under both the rules of the New York Stock Exchange and Rule 10A-3 under the Securities Exchange Act of 1934.

 

Mr. Mannelly will not be compensated by the Company for his services as a director and has not entered into an employment agreement with the Company.

 

In connection with this appointment, Mr. Mannelly is expected to enter into an indemnity agreement and a letter agreement with the Company on the same terms as the indemnity agreements and letter agreements entered into by the directors and officers of the Company at the time of the Company’s initial public offering.

 

2

 

 

SIGNATURE

 

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 hereunto duly authorized.

 

Dated: May 2, 2022

 

CC NEUBERGER PRINCIPAL HOLDINGS III
  
By:/s/ Matthew Skurbe
Name:  Matt Skurbe
 Title:    Chief Financial Officer

 

  

 

 

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