# David Dickson

Managing Director and Chief Executive Officer

## Career chronology

- **From September 2022: Lake Resources** — Managing Director and Chief Executive Officer. [Annual report year ended 30 June 2026](<https://financialfilings.com/filings/lake-resources-nl/annual-report/2026/61011884/>) (PDF p.29)

- **From December 2013; departure date not independently established: McDermott International** — President and CEO. [Dickson declaration in support of Chapter 11](<https://s.wsj.net/public/resources/documents/mcdermott_ceo_declaration.pdf>) (pp.1–2)

## Personal achievements

### Relevant reported background [dickson_exp]

Prior roles and current tenure · issuer reported · medium materiality

Lake reports that Dickson led McDermott and earlier oversaw Technip USA; McDermott recorded his CEO service from December 2013.

**Attribution:** Individual involvement documented. Issuer reports the roles; individual contributions and independent confirmation are limited.

**Relevance:** Relevant to present responsibilities.

[Board and management](<https://lakeresources.com.au/about-us/board-management/>) (management biography); [Annual report year ended 30 June 2026](<https://financialfilings.com/filings/lake-resources-nl/annual-report/2026/61011884/>) (directors report)

## Contributions and company outcomes

### Kachi environmental approval and remaining financing [dickson_permit]

2026 · issuer reported · medium materiality

Lake announced Kachi’s environmental impact declaration in September 2026 and transition into FEED. The FY2026 report identified material going-concern uncertainty and financing needs; commercial production has not been delivered.

**Attribution:** Role overlaps event; causation unproven. Company-level performance or overlapping role does not establish personal causation.

**Relevance:** Separates a delivered permitting milestone from construction and funding.

[Lake announces Kachi environmental declaration](<https://investorhub.lakeresources.com.au/announcements/zXYY5x-lake-resources-granted-environmental-impact-declaration>) (pp. 1–2); [Annual report year ended 30 June 2026](<https://financialfilings.com/filings/lake-resources-nl/annual-report/2026/61011884/>) (PDF p.54 going concern)

## Business failures and setbacks

### McDermott entered Chapter 11 during CEO tenure [dickson_mdr]

2020 · documented · high materiality

McDermott entered voluntary Chapter 11 in January 2020 with a proposed restructuring to eliminate over US$4.6 billion of funded debt. Dickson’s court declaration says he had been CEO since December 2013.

**Attribution:** Role overlaps event; causation unproven. Company-level performance or overlapping role does not establish personal causation.

**Relevance:** Relevant to large-project financing and execution risk.

[McDermott voluntary restructuring](<https://www.sec.gov/Archives/edgar/data/708819/000119312520010618/d858406dex991.htm>) (restructuring release); [Dickson declaration in support of Chapter 11](<https://s.wsj.net/public/resources/documents/mcdermott_ceo_declaration.pdf>) (pp. 1–2)

## Litigation and enforcement

### McDermott shareholder litigation [dickson_lit]

2018–May 2026 · disputed · high materiality

A separate securities class action named Dickson as a defendant over alleged merger-related disclosures. McDermott stated in Q1 2026 that it considered the claims meritless; in May 2026 the court appointed a lead plaintiff for a subclass. This procedural order is not a judgment on the allegations; the ultimate outcome was not located.

**Attribution:** Individual involvement documented. Allegations and defenses remain distinct from the 2023 SEC settlement; no final liability determination was located.

**Relevance:** Relevant to disclosure oversight.

[McDermott Q1 2026 statements and litigation note](<https://www.mcdermott.com/sites/default/files/2026-05/MDR%20Q1%2726%20FS%20and%20MD%26A.pdf>) (litigation note pp. 36–37); [Edwards order appointing lead plaintiff](<https://www.govinfo.gov/content/pkg/USCOURTS-txsd-4_18-cv-04330/pdf/USCOURTS-txsd-4_18-cv-04330-14.pdf>) (May 18 order, pp. 1–2)

## Governance and interests

### SEC settled reporting-controls order [dickson_sec]

2018; 2023 resolution · documented · high materiality

The SEC found that Dickson and then CFO Stuart Spence approved a Cameron project loss estimate developed outside regular processes despite a higher initial estimate, indirectly causing inaccurate McDermott books and quarterly reporting. In 2023 he consented to a cease-and-desist order and US$100,000 penalty without admitting or denying the findings. Lake stated the matter concerned his previous employer and was unrelated to Lake.

**Attribution:** Individual involvement documented. The SEC order is a settled administrative order; its findings are not binding on others and are not a criminal finding.

**Relevance:** Directly relevant to financial-reporting oversight.

[Administrative proceeding against former McDermott executives](<https://www.sec.gov/files/litigation/admin/2023/34-97740.pdf>) (pp. 1–7); [Resolution of CEO matter](<https://lakeresources.com.au/wp-content/uploads/2023/06/lke_resolution_17-jun-23.pdf>) (p. 1)

## Evidence gaps

- Original case docket and any developments after May 2026 were not fully obtained.

- Independent verification of qualifications and exact McDermott departure remains incomplete.