Lucid Group Reports Officer Changes, Comp Arrangements

Ticker: LCID · Form: 8-K · Filed: 2024-02-15T00:00:00.000Z

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

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.

From the Filing

0001104659-24-024581.txt : 20240215 0001104659-24-024581.hdr.sgml : 20240215 20240215171714 ACCESSION NUMBER: 0001104659-24-024581 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240209 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Shareholder Nominations Pursuant to Exchange Act Rule 14a-11 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240215 DATE AS OF CHANGE: 20240215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lucid Group, Inc. CENTRAL INDEX KEY: 0001811210 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 850891392 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39408 FILM NUMBER: 24644848 BUSINESS ADDRESS: STREET 1: 7373 GATEWAY BLVD. CITY: NEWARK STATE: CA ZIP: 94560 BUSINESS PHONE: (510) 648-3553 MAIL ADDRESS: STREET 1: 7373 GATEWAY BLVD. CITY: NEWARK STATE: CA ZIP: 94560 FORMER COMPANY: FORMER CONFORMED NAME: Churchill Capital Corp IV DATE OF NAME CHANGE: 20200714 FORMER COMPANY: FORMER CONFORMED NAME: Annetta Acquisition Corp DATE OF NAME CHANGE: 20200504 8-K 1 tm246312d1_8k.htm FORM 8-K false 0001811210 0001811210 2024-02-09 2024-02-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     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): February 9, 2024   Lucid Group, Inc. (Exact name of registrant as specified in its charter)   Delaware 001-39408 85-0891392 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)       7373 Gateway Boulevard Newark , CA   94560 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 510 ) 648-3553 (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   LCID   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 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. ¨           Item 5.02                Departure of Directors or Certain Officers; Election of Directors; Appoin

View on Read The Filing