Thunder Power Holdings Announces Board and Executive Changes
Ticker: AIEV · Form: 8-K · Filed: Dec 4, 2024 · CIK: 1912582
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Board shakeup and exec comp changes at Thunder Power Holdings.
AI Summary
Thunder Power Holdings, Inc. announced on November 28, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key personnel. Specific details on the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, operational focus, or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal restructuring or strategic shifts that may carry inherent risks.
Key Players & Entities
- Thunder Power Holdings, Inc. (company) — Registrant
- November 28, 2024 (date) — Date of earliest event reported
- Delaware (location) — State of incorporation
- 221 W 9th St #848 (address) — Principal executive offices
- Wilmington (location) — City of principal executive offices
- 19801 (zip_code) — ZIP code of principal executive offices
- 909-214-2482 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates changes in the roles of directors and certain officers, with details to be found within the report's sections on departures and elections.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 28, 2024.
What is the principal executive office address for Thunder Power Holdings, Inc.?
The principal executive office is located at 221 W 9th St #848, Wilmington, Delaware 19801.
What is the telephone number for Thunder Power Holdings, Inc.?
The registrant's telephone number is (909) 214-2482.
What is the SIC code for Thunder Power Holdings, Inc.?
The Standard Industrial Classification (SIC) code is 3711 for MOTOR VEHICLES & PASSENGER CAR BODIES.
Filing Stats: 774 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-12-04 16:05:25
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share AIEV The Nasdaq Global Ma
Filing Documents
- ea0223675-8k_thunder.htm (8-K) — 26KB
- 0001213900-24-105621.txt ( ) — 196KB
- aiev-20241128.xsd (EX-101.SCH) — 3KB
- aiev-20241128_lab.xml (EX-101.LAB) — 33KB
- aiev-20241128_pre.xml (EX-101.PRE) — 22KB
- ea0223675-8k_thunder_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Thunder Power Holdings, Inc. (the "Company") announced the following changes to its Board of Directors: 1. Director Resignation: Effective December 4, 2024, Mr. Coleman Bradley resigned from his position as Director and Chairman of the Board of Directors of the Company. Mr. Bradley's resignation is not related to any disagreement with the Company's management or directors on any matter relating to the Company's operations, policies, or practices. 2. Appointment of New Independent Directors: Effective November 28, 2024, the Board of Directors has appointed Dr. Chen ChiWen, age 49, as an Independent Director and Chairman of the Board of Directors of the Company. Dr. Chen currently serves as Assistant Professor in the Master of Global Entrepreneurial Management Program at Fu Jen Catholic University and CEO of the Taipei-Ningbo Exchange Foundation. He holds independent directorships at several publicly listed companies including Oceanic Beverages Co., Inc., Skardin Industrial Corp., Electric Power Technology Limited, and ACpay Co., Ltd. Dr. Chen holds a Ph.D. in Business Administration from Fu Jen Catholic University, a Ph.D. in Physical Education from National Taiwan Sport University, and is currently a Ph.D. candidate in Sustainable Energy Technology at National Taiwan University of Science and Technology. Effective November 28, 2024, the Board of Directors has appointed Mr. Ferdinand Kaiser, age 61, as an Independent Director of the Company. Mr. Kaiser will serve as Chair of the Compensation Committee. Mr. Kaiser currently serves as COO Project Manager at SANLUCAR in Austria. From 2018 to 2020, he served as Manager Central EU EMEA at DODGE RAM AGT Europe AG, where he was responsible for automotive business management across the EU-27 region. From 2016 to 2018, he was Assistant Vice President of Procurement
SIGNATURES
SIGNATURES 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. Thunder Power Holdings, Inc. Dated: December 4, 2024 By: /s/ Pok Man Ho Name: Pok Man Ho Title: Interim Chief Financial Officer 2