Aurora Innovation Appoints New CTO and Director, Adjusts Executive Pay

TL;DR

Aurora Innovation just swapped out some execs and board members, and adjusted pay. Keep an eye on their tech strategy.

AI Summary

On December 18, 2024, Aurora Innovation, Inc. announced changes to its board of directors and executive compensation. Specifically, Christopher Urmson was appointed as Chief Technology Officer, and David Goldberg was appointed as a new Class II director. Additionally, the company entered into new employment agreements with certain officers, including Urmson, detailing their compensation and responsibilities.

Why It Matters

These executive and board changes at Aurora Innovation, a leader in autonomous driving technology, could signal shifts in strategic direction or operational focus for the company.

Risk Assessment

Risk Level: medium — Changes in key leadership and executive compensation can indicate internal shifts that may impact the company's future performance and strategic execution.

Key Players & Entities

• Aurora Innovation, Inc. (company) — Registrant
• Christopher Urmson (person) — Appointed Chief Technology Officer
• David Goldberg (person) — Appointed Class II director
• 1654 Smallman St, Pittsburgh, PA 15222 (location) — Principal executive offices
• December 18, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.00001 — tered Class A common stock, par value $0.00001 per share AUR The Nasdaq Stock Market L
• $11.50 — A common stock at an exercise price of $11.50 AUROW The Nasdaq Stock Market LLC Ind

Filing Documents

• aur-20241218.htm (8-K) — 24KB
• 0001828108-24-000166.txt ( ) — 190KB
• aur-20241218.xsd (EX-101.SCH) — 2KB
• aur-20241218_def.xml (EX-101.DEF) — 17KB
• aur-20241218_lab.xml (EX-101.LAB) — 29KB
• aur-20241218_pre.xml (EX-101.PRE) — 17KB
• aur-20241218_htm.xml (XML) — 4KB

From the Filing

aur-20241218 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 18, 2024 AURORA INNOVATION, INC. (Exact name of registrant as specified in its charter) Delaware 001-40216 98-1562265 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 1654 Smallman St , Pittsburgh , PA 15222 (Address of principal executive offices) (Zip Code) ( 888 ) 583-9506 (Registrant's telephone number, including area code) N/A (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 of 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 Class A common stock, par value $0.00001 per share AUR The Nasdaq Stock Market LLC Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 AUROW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2). Emerging growth company 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 December 18, 2024, Nolan Shenai notified Aurora Innovation, Inc. (the "Company") of his intention to step down from his positions as General Counsel and Secretary of the Company effective January 6, 2025. Effective January 6, 2025, Mr. Shenai will no longer serve as an executive officer of the Company within the meaning of the rules promulgated under the Securities Exchange Act of 1934, as amended. Mr. Shenai's resignation is not the result of any disagreement with the Company concerning any matter relating to its operations, policies, or practices. The Company is appreciative of Mr. Shenai's service and contributions and wishes him the best in his pursuit of an opportunity with a private company outside of the autonomous vehicle industry. Ossa Fisher, the Company's President, along with others on the Company's legal and executive teams, will assume Mr. Shenai's responsibilities, while the Company's executive leadership and board of directors consider both internal and external candidates for Mr. Shenai's replacement. Effective January 6, 2025, Mr. Shenai will no longer be a participant in the Company's Change in Control and Severance Policy. 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: December 20, 2024 AURORA INNOVATION, INC. By: /s/ David Maday Name: David Maday Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR