Andretti Acquisition Corp. II Reports Board and Compensation Changes
Ticker: POLEW · Form: 8-K · Filed: Oct 1, 2024 · CIK: 2025341
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Andretti Acquisition Corp. II shuffled its board and exec pay. Big changes coming?
AI Summary
Andretti Acquisition Corp. II announced changes to its board of directors and executive compensation arrangements as of September 30, 2024. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key personnel. Specific details regarding the nature of these changes and the associated compensation are outlined within the report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts or strategic realignments that may carry inherent risks.
Key Numbers
- 001-42268 — SEC File Number (Identifier for the company's filings with the SEC)
Key Players & Entities
- Andretti Acquisition Corp. II (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- Cayman Islands (location) — Jurisdiction of incorporation
FAQ
Who are the specific directors or officers that have departed from Andretti Acquisition Corp. II?
The filing indicates the departure of certain officers and directors but does not name them specifically in the provided excerpt.
Who has been elected as new directors to the board of Andretti Acquisition Corp. II?
The filing states that new directors have been elected, but their names are not provided in this section of the report.
What are the key changes in the compensatory arrangements for certain officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specific details of these arrangements are not elaborated in the excerpt.
What is the effective date of these reported changes?
The earliest event reported is dated September 30, 2024.
What is the SIC code for Andretti Acquisition Corp. II?
The Standard Industrial Classification (SIC) code for Andretti Acquisition Corp. II is 6770, which corresponds to 'BLANK CHECKS'.
Filing Stats: 492 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-10-01 16:05:09
Key Financial Figures
- $0.0001 — LC Class A ordinary shares, par value $0.0001 per share POLE The Nasdaq Stock Mar
- $11.50 — ordinary share at an exercise price of $11.50 per share POLEW The Nasdaq Stock Ma
Filing Documents
- ea0216348-8k_andretti2.htm (8-K) — 31KB
- 0001213900-24-084029.txt ( ) — 252KB
- poleu-20240930.xsd (EX-101.SCH) — 4KB
- poleu-20240930_def.xml (EX-101.DEF) — 27KB
- poleu-20240930_lab.xml (EX-101.LAB) — 37KB
- poleu-20240930_pre.xml (EX-101.PRE) — 25KB
- ea0216348-8k_andretti2_htm.xml (XML) — 7KB
02 Departure of Directors or Certain Officers; Election of Directors;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Zakary C. Brown On September 30, 2024, Zakary C. Brown resigned as a member of the Board of Directors (the "Board") of Andretti Acquisition Corp. II (the "Company") as well as from his position as a member of the Compensation Committee of the Board. Mr. Brown's departure was not the result of any disagreement with management or the Board on any matter relating to the Company's operations, policies or practices. 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 hereunto duly authorized. ANDRETTI ACQUISITION CORP. II By: /s/ William M. Brown Name: William M. Brown Title: Chief Executive Officer Dated: October 1, 2024