Polar Power Elects New Directors
Ticker: POLA · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1622345
| Field | Detail |
|---|---|
| Company | Polar Power, Inc. (POLA) |
| Form Type | 8-K |
| Filed Date | Jul 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $30,000, $7,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, governance
TL;DR
Polar Power adds 2 new directors to the board, effective immediately.
AI Summary
Polar Power, Inc. announced on July 24, 2024, a change in its board of directors. Specifically, the company elected two new directors, Mr. David L. Chen and Mr. David L. Chen, to its Board of Directors, effective immediately. This filing also includes information regarding compensatory arrangements for certain officers and a Regulation FD disclosure.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and disclosures, with no immediate financial or operational risks highlighted.
Key Players & Entities
- Polar Power, Inc. (company) — Registrant
- David L. Chen (person) — Newly Elected Director
- July 24, 2024 (date) — Effective date of board changes
FAQ
Who were the new directors elected to Polar Power's Board?
Mr. David L. Chen and Mr. David L. Chen were elected as new directors.
When were the new directors elected?
The new directors were elected on July 24, 2024.
What other items are covered in this 8-K filing?
This filing also covers compensatory arrangements of certain officers and Regulation FD disclosures.
What is the principal executive office address for Polar Power, Inc.?
The principal executive offices are located at 249 E. Gardena Boulevard, Gardena, California 90248.
What is the SIC code for Polar Power, Inc.?
The Standard Industrial Classification code for Polar Power, Inc. is 3690 (MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES).
Filing Stats: 961 words · 4 min read · ~3 pages · Grade level 10.1 · Accepted 2024-07-30 16:05:19
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share POLA The NASDAQ Stock Mar
- $30,000 — entitled to an annual director's fee of $30,000 which will be paid in four quarterly in
- $7,500 — ceiving a cash payment in the amount of $7,500 per quarter or receiving 18,750 shares
Filing Documents
- form8-k.htm (8-K) — 46KB
- ex10-1.htm (EX-10.1) — 19KB
- ex99-1.htm (EX-99.1) — 14KB
- ex10-1_001.jpg (GRAPHIC) — 15KB
- 0001493152-24-029599.txt ( ) — 276KB
- pola-20240724.xsd (EX-101.SCH) — 3KB
- pola-20240724_lab.xml (EX-101.LAB) — 33KB
- pola-20240724_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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. Date: July 30, 2024 POLAR POWER, INC. By: /s/ Arthur D. Sams Arthur D. Sams President, Chief Executive Officer and Secretary