Lucid Group Reports Officer Changes, Comp Arrangements
Ticker: LCID · Form: 8-K · Filed: Feb 15, 2024 · CIK: 1811210
| Field | Detail |
|---|---|
| Company | Lucid Group, Inc. (LCID) |
| Form Type | 8-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $6,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, shareholder-relations
TL;DR
**Lucid Group filed an 8-K on Feb 9, 2024, indicating potential changes in leadership and executive compensation, plus shareholder nomination details.**
AI Summary
Lucid Group, Inc. filed an 8-K on February 15, 2024, reporting events that occurred on February 9, 2024. The filing indicates potential changes regarding the departure, election, or appointment of directors and certain officers, along with details on compensatory arrangements for officers. It also covers shareholder nominations pursuant to Exchange Act Rule 14a-11 and other unspecified events.
Why It Matters
Changes in a company's leadership and executive compensation structures can signal strategic shifts, impact operational direction, and influence investor confidence regarding future performance and governance.
Risk Assessment
Risk Level: medium — The filing signals potential changes in key personnel and their compensation, which can introduce uncertainty or signal strategic shifts for the company, though specific details are not provided in this excerpt.
Key Players & Entities
- Lucid Group, Inc. (company) — registrant
- Churchill Capital Corp IV (company) — former company name
- Annetta Acquisition Corp (company) — former company name
FAQ
What is the earliest event date reported in this 8-K filing?
The earliest event reported in this 8-K filing is February 9, 2024.
Which company filed this 8-K?
This 8-K was filed by Lucid Group, Inc.
What are the primary items reported in this 8-K?
The primary items reported are "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers," "Shareholder Nominations Pursuant to Exchange Act Rule 14a-11," and "Other Events."
What was Lucid Group, Inc.'s former company name before Churchill Capital Corp IV?
Lucid Group, Inc.'s former company name before Churchill Capital Corp IV was Annetta Acquisition Corp, with a name change date of 20200504.
What is the state of incorporation for Lucid Group, Inc.?
Lucid Group, Inc. is incorporated in Delaware.
Filing Stats: 765 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-02-15 17:17:14
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share LCID The Nasdaq S
- $6,000,000 — icer, Peter Rawlinson, in the amount of $6,000,000, in recognition of his significant cont
Filing Documents
- tm246312d1_8k.htm (8-K) — 26KB
- 0001104659-24-024581.txt ( ) — 194KB
- lcid-20240209.xsd (EX-101.SCH) — 3KB
- lcid-20240209_lab.xml (EX-101.LAB) — 33KB
- lcid-20240209_pre.xml (EX-101.PRE) — 22KB
- tm246312d1_8k_htm.xml (XML) — 3KB
08 Shareholder Director Nominations
Item 5.08 Shareholder Director Nominations. To the extent applicable, the information in Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.08.
01
Item 8.01 Other Events. On February 9, 2024, the Board determined Tuesday, June 4, 2024, as the date of the Company's 2024 Annual Meeting of Stockholders (the " 2024 Annual Meeting "). The time and meeting website information for the 2024 Annual Meeting will be set forth in the Company's proxy statement for the 2024 Annual Meeting, which will be filed with the Securities and Exchange Commission (the " SEC ") prior to the 2024 Annual Meeting. Because the date of the 2024 Annual Meeting is being delayed by more than 30 days after the anniversary of the Company's 2023 annual meeting of stockholders, the Company is providing in this Current Report on Form 8-K the due dates for submissions of qualified stockholder proposals and stockholder director nominations. A stockholder proposal for inclusion in the Company's proxy statement for the 2024 Annual Meeting pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the " Exchange Act "), must be received at the Company's principal executive offices at 7373 Gateway Blvd., Newark, California, 94560, Attention: Secretary, no later than February 25, 2024. A stockholder proposal or director nomination (including nominations pursuant to Rule 14a-19 under the Exchange Act) outside of Rule 14a-8 under the Exchange Act and pursuant to the Company's Second Amended and Restated Bylaws (the " Bylaws ") must have been received by the Company by January 25, 2024. Stockholder proposals and stockholder director nominations must comply with all applicable requirements set forth in the rules and regulations of the SEC, the Exchange Act, and the Bylaws. 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: February 15, 2024 Lucid Group, Inc. By: /s/ Gagan Dhingra Gagan Dhingra Interim Chief Financial Officer