Mountain Lake Acquisition Corp. II
Officers & Directors
Paul Grinberg serves as Chairman and Chief Executive Officer, and Douglas Horlick serves as Chief Financial Officer and Director. Following the consummation of the Initial Public Offering, both received payments of $20,000 per month for their services as executive officers and directors. Grinberg and Horlick each hold an indirect interest in 20.75% of the total Founder Shares and approximately 0.49% of the Private Placement Units held by the Sponsor through membership interests. They are managing members of the Sponsor, with the authority to control the Sponsor and participate in decisions regarding the disposal of any securities held by the Sponsor. Independent directors Jaime Vieser and Jeffery Lager hold indirect interests in 10.04% of the total Founder Shares and approximately 6.86% of the Private Placement Units held by the Sponsor through membership interests. Michael Marquez holds an indirect interest in 0.42% of the total Founder Shares through membership interests in the Sponsor. Executive officers and directors may receive consulting or management fees from the combined company after the initial Business Combination, with compensation determined or recommended by the Compensation Committee or a majority of the independent directors on the Board of Directors. There is no guarantee that members of the management team will retain their positions after the initial Business Combination, although some may negotiate employment or consulting arrangements to remain with the company.
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