Lucid Group Announces Director Changes and CFO Appointment

Ticker: LCID · Form: 8-K · Filed: 2024-06-06T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-of-directors, cfo-appointment

Related Tickers: LCID

TL;DR

Lucid's board is shaking up: Tan out as director, but back in, and now CFO. Big changes ahead?

AI Summary

Lucid Group, Inc. announced on June 4, 2024, the departure of Director Steven T. P. Tan and the election of new directors, including Steven T. P. Tan, who was re-elected, and the appointment of Steven T. P. Tan as Chief Financial Officer. The company also disclosed compensatory arrangements for certain officers and submitted matters to a vote of security holders.

Why It Matters

Changes in board composition and executive appointments can signal shifts in company strategy, financial oversight, and future direction.

Risk Assessment

Risk Level: medium — Director departures and executive appointments, especially involving the CFO role, can indicate internal shifts or strategic realignments that may impact the company's performance.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Lucid Group, Inc.?

Steven T. P. Tan has been appointed as the Chief Financial Officer of Lucid Group, Inc.

What significant event occurred on June 4, 2024, for Lucid Group, Inc.?

On June 4, 2024, Lucid Group, Inc. reported the departure of Director Steven T. P. Tan and the election of new directors, along with the appointment of Steven T. P. Tan as Chief Financial Officer.

Were there any changes to Lucid Group, Inc.'s board of directors?

Yes, the filing indicates the departure of Director Steven T. P. Tan and the election of new directors, including the re-election of Steven T. P. Tan.

What other items were submitted by Lucid Group, Inc. in this filing?

In addition to director and officer changes, Lucid Group, Inc. submitted matters to a vote of security holders and disclosed compensatory arrangements of certain officers.

What is the state of incorporation for Lucid Group, Inc.?

Lucid Group, Inc. is incorporated in Delaware.

From the Filing

0001104659-24-069080.txt : 20240606 0001104659-24-069080.hdr.sgml : 20240606 20240606161017 ACCESSION NUMBER: 0001104659-24-069080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240604 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240606 DATE AS OF CHANGE: 20240606 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: 241025116 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 tm2416547d1_8k.htm FORM 8-K false 0001811210 0001811210 2024-06-04 2024-06-04 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): June 4, 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; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

View on Read The Filing