Rivian Announces Board and Executive Compensation Changes

Ticker: RIVN · Form: 8-K · Filed: 2024-07-05T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: RIVN

TL;DR

Rivian's board and exec pay got a shake-up on July 1st.

AI Summary

Rivian Automotive, Inc. announced on July 1, 2024, changes to its board of directors and executive compensation. The filing details the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these arrangements are not detailed in this excerpt.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and financial priorities.

Risk Assessment

Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct impact on immediate operational or financial risk.

Key Players & Entities

FAQ

What specific changes were made to Rivian's board of directors?

The filing indicates the election of directors and departure of directors, but the specific names of individuals are not provided in this excerpt.

What are the details of the compensatory arrangements for certain officers?

The filing states that compensatory arrangements of certain officers are being updated, but the specific details, including dollar amounts, are not included in this excerpt.

When was the earliest event reported in this Form 8-K?

The earliest event reported is dated July 1, 2024.

What is Rivian Automotive, Inc.'s state of incorporation?

Rivian Automotive, Inc. is incorporated in Delaware.

What is the principal executive office address for Rivian?

The principal executive office address is 14600 Myford Road, Irvine, California 92606.

From the Filing

0001193125-24-175305.txt : 20240705 0001193125-24-175305.hdr.sgml : 20240705 20240705070900 ACCESSION NUMBER: 0001193125-24-175305 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240701 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240705 DATE AS OF CHANGE: 20240705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rivian Automotive, Inc. / DE CENTRAL INDEX KEY: 0001874178 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41042 FILM NUMBER: 241101641 BUSINESS ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (888) 748-4261 MAIL ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 d843177d8k.htm 8-K 8-K Rivian Automotive, Inc. / DE false 0001874178 0001874178 2024-07-01 2024-07-01     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 July 1, 2024 Date of Report (date of earliest event reported)     Rivian Automotive, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-41042   47-3544981 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification Number) 14600 Myford Road Irvine , California 92606 (Address of principal executive offices) (Zip code) (888) 748-4261 (Registrant’s telephone number, including area code) 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:   ☐ 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   Name of each exchange on which registered Class A common stock, $0.001 par value per share   RIVN   The Nasdaq Stock Market 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. On July 1, 2024, Jeffrey Baker, the Chief Accounting Officer (principal accounting officer) of Rivian Automotive, Inc. (the “Company”), notified the Company of his decision to resign effective July 27, 2024 (the “Effective Date”) to pursue another opportunity. Mr. Baker will remain in his current role at the Company until the Effective Date. His resignation is not the result of any disagreement with the

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