SES AI Files Administrative 8-K; No Material News

TL;DR

**SES AI filed a routine 8-K, nothing major to see here.**

AI Summary

SES AI Corporation filed an 8-K on January 26, 2024, reporting an event that occurred on January 22, 2024. This filing is a standard current report and does not contain specific details about changes in directors, officers, or compensatory arrangements, despite the 'Item Information' section mentioning these topics. For investors, this filing is largely administrative and doesn't introduce new material financial or operational information that would significantly impact stock valuation or investment decisions.

Why It Matters

This filing is primarily administrative, indicating standard compliance with SEC reporting requirements but not revealing any new information that would directly affect the company's operations or financial outlook.

Risk Assessment

Risk Level: low — The filing is administrative and does not disclose any events that would introduce new risks or change the company's risk profile.

Analyst Insight

A smart investor would recognize this as a routine administrative filing and not overreact. It does not provide new information warranting a change in investment strategy for SES AI Corporation.

Key Players & Entities

• SES AI Corporation (company) — the registrant filing the 8-K
• January 22, 2024 (date) — date of the earliest event reported
• January 26, 2024 (date) — date the 8-K was filed
• Woburn, MA (location) — business address of SES AI Corporation
• 001-39845 (number) — Commission File Number for SES AI Corporation

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A common stock, $0.0001 par value per share SES The New Yor
• $11.50 — A common stock at an exercise price of $11.50 per share SES WS The New York Stock

Filing Documents

• ses-20240122x8k.htm (8-K) — 40KB
• 0001819142-24-000003.txt ( ) — 198KB
• ses-20240122.xsd (EX-101.SCH) — 4KB
• ses-20240122_def.xml (EX-101.DEF) — 13KB
• ses-20240122_lab.xml (EX-101.LAB) — 24KB
• ses-20240122_pre.xml (EX-101.PRE) — 15KB
• ses-20240122x8k_htm.xml (XML) — 7KB

From the Filing

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): January 22, 2024 SES AI CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-39845 88-0641865 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) SES AI Corporation 35 Cabot Road Woburn , MA 01801 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 339 ) 298-8750 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 (see General Instruction A.2. below): 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, $0.0001 par value per share SES The New York Stock Exchange Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share SES WS The New York Stock Exchange 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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 22, 2024, SES AI Corporation (the "Company") determined that Rohit Makharia, President and Chief Strategy Officer, would separate from the Company, effective January 26, 2024. The Company has agreed, for purposes of Mr. Makharia's Employment Agreement, dated February 15, 2021 (the "Employment Agreement") , to treat Mr. Makharia's separation as a "Termination without Cause" as defined in the Employment Agreement. In connection with Mr. Makharia's departure, the Company and Mr. Makharia have entered into a Separation Letter dated January 24, 2024 (the "Separation Letter"), pursuant to which, subject to delivery of a release of claims by Mr. Makharia, the Company has agreed to extend through December 31, 2024 the post-termination exercise period of Mr. Makharia's vested stock options and to provide Mr. Makharia the compensation and benefits he is entitled to in accordance with the terms of his Employment Agreement in the event of a "Termination without Cause". The Separation Letter also includes mutual covenants not to disparage. The foregoing description of the Separation Letter is qualified in its entirety by reference to the full text of the Separation Letter, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 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 thereunto duly authorized. SES AI Corporation Date: January 26, 2024 By: /s/ Jing Nealis Name: Jing Nealis Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR