David Dickson

Career chronology

• From September 2022: Lake Resources — Managing Director and Chief Executive Officer. Annual report year ended 30 June 2026 (PDF p.29)

• From December 2013; departure date not independently established: McDermott International — President and CEO. Dickson declaration in support of Chapter 11 (pp.1–2)

Personal achievements

Relevant reported background

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 (management biography); Annual report year ended 30 June 2026 (directors report)

Contributions and company outcomes

Kachi environmental approval and remaining financing

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 (pp. 1–2); Annual report year ended 30 June 2026 (PDF p.54 going concern)

Business failures and setbacks

McDermott entered Chapter 11 during CEO tenure

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 (restructuring release); Dickson declaration in support of Chapter 11 (pp. 1–2)

Litigation and enforcement

McDermott shareholder litigation

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 (litigation note pp. 36–37); Edwards order appointing lead plaintiff (May 18 order, pp. 1–2)

Governance and interests

SEC settled reporting-controls order

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 (pp. 1–7); Resolution of CEO matter (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.